HitWise posted today about the Housing sale decline but said, based on search query volume level, the housing market will soon rebound.
"Aside from the excitement of discovering this indicator, the other good news is, barring any unusual circumstances over the next week, our search term data indicates a reversal in the downward trend reported by NAR yesterday. The August numbers, scheduled to be released September 25th, should reflect that reversal. Mark your calendars.
OK, now we're cooking with gas. Keep it up Bill.
correlation doesn't imply causation. could it also be that because of the recent NAR report the search queries has also gone up?
Posted by: jon narong | August 25, 2006 1:58 AM | Permalink to Comment