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Can Internet Behavior Predict the Real Estate Market?

Joshua Dorkin

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.””

As you can see, it seems that there is some correlation between the two.

homeforsalechart

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.