Monday, June 13, 2011

Really?

House price changes 'predicted' by web search data

Web search data can provide an early signal of house price changes in the UK, a study has suggested.

Posted by watchman @ 02:37 PM (4179 views)
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10 thoughts on “Really?

  • Funny that the Grauniad chose to lead with a headline about how this data was predictive of unemployment numbers – good old Auntie just had to continue with the house price obsession. Reflecting the tastes of its readership, no doubt.

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  • I’m curious, would entering “all estate agents are lying greedy [email protected]” into google bump up stats on the property market “interest”
    monitor at the BoE ???

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  • ontheotherhand says:

    Doesn’t look good…

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  • @3

    a picture paints 1000 words, does it not

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  • A very pretty picture

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  • ontheotherhand says:

    Ah! Before we make presumptions let’s have a look at searches for ‘estate agent’ compared to ‘rightmove’ over time. The monkeys at the BofE are looking at the wrong thing (or maybe the right thing for their needs since they will conclude from the pure ‘estate agent’ picture that they must cut interest rates). Rightmove has grown in power. Nobody gives a stuff as a buyer who the estate agent is. They just want to find the properties for sale by all the agents in a certain area. Therefore they search for an aggregator like rightmove?

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  • Adapt, improvise, overcome……or die

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  • Also to take into account is the total number of people using the internet that continually grows with time

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  • general congreve says:

    I wonder how much of that Rightmove traffic has been generated by HPCers posting a link to an overpriced house on Rightmove with the subtext ‘Look at this joke! 200k for a dump like this, deluded f4ck wits!’ and then having 100’s of other HPCers click thru to look and then mock it on a 12-page thread ;D

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  • ontheotherhand says:

    GC. @9. Good idea, but this does not show rightmove web traffic, but rather the rate of searches for ‘rightmove’ on google. If we post a link to a dump on rightmove we don’t go through google.

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