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August 29, 2006

Google Trends Suggests Housing Market Will Pick Up

posted by MR WAVETHEORY at 8/29/2006 06:03:00 PM
If you've used Google Trends, you know that it's a cool tool that shows you what people are searching for online. A recent query for "homes for sale" suggests that the housing market may be picking up. The chart below shows that search query volume for "homes for sale" has been increasing over the past 5 weeks.

Google also shows the top 10 cities where the queries came from. Orlando, Las Vegas, and Phoenix top the list of cities where buyers are looking for homes for sale! So if you are a real estate speculator, start packing! It's time to head over to Orlando!Update: Google isn't the only one predicting a rise in home prices. Over the past five weeks, there's been a 42% increase in the number of Internet searches involving the phrase "homes for sale," according to Hitwise, a firm which measures Web traffic. Bill Tancer thinks the housing market is about to pick up.

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