CNBC's Jane Wells is reporting that Internet data miners indicate the online search queries for "homes for sale" is up 42%, suggesting that the housing market is poised to pick up.
The reader who e-mailed me this article suggests maybe that the opposite is true. People are searching to see what homes are listed for in their neighborhood to gauge possible list prices.
According to some Internet data miners, online search queries could be a better economic indicator.I for one hope that the market continues on it's track in the Puget Sound region, but my sense is that this Fall will be an indicator of where the market will go. Thing is, I thought that to be the case last year. So,what do I know?
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.