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Farecast LogoMark Hendrickson of TechCrunch.com is reporting that Microsoft has purchased the airfare prediction search engine Farecast.com (confirmed on their blog). Farecast.com, previously talked about here, is an airline flight search engine similar to Kayak.com. It searches across multiple travel sites including the airlines themselves, finding you the best bang for your buck!

Farecast’s claim to fame is their airfare prediction engine that provides and easy to read arrow display that suggest weather your should buy now or wait based on their prediction of whether the price will rise of fall. A confidence level percentage is also shown to help you decide if you would like to follow their advice or not.

Now that Microsoft owns farecast we’ll probably soon see it integrated into the MSN travel site.

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