Can Google search data be used as a housing bubble indicator?
Among all of the keywords and indices tested, the Google search volume for “Housing Bubble” and “Real Estate Agent”, and a constructed index that contains the twelve best-performing search terms score the highest at both detecting bubbles and not erroneously detecting non-bubble states as bubbles.
Yale Sterling Professor and Nobel prize-winning economist Robert Shiller discussed the housing market and real estate prices. He said that things are getting more expensive if you’re trying to buy a house.
And it’s numerous consecutive months of accelerating prices, especially here in the Boston condo for sale market.