Real Estate News & Commentary

Can Internet Behavior Predict the Real Estate Market?

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Andy Beal over at WebProNews points to a chart that the Bill Tancer at HitWise constructed that predicts an announcement that existing home sales dropped in July by the National Association of Realtors. Tancer “superimposed the monthly data from the NAR on a Hitwise search term volume chart for the search query “homes for sale.”” [...] View the full article: Can Internet Behavior Predict the Real Estate Market? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Todd Tarson
    Replied about 13 years ago
    Looking at the chart, I would have expected a bounce in August and my market hasn’t seen it as of yet. Overall though, I’m not surprised how the online activity leads the sales activity. Thanks for this post, it’s something that I think needs more tracking.
    Joshua Dorkin
    Replied about 13 years ago
    Hey Todd – Individual markets don’t always follow the path of national averages – that would explain your lack of bounce, I suppose. I would also like to see how accurate this theory is over a more extended time.