Do Google searches tell us anything about what people are buying or the state of the economy?
According to Nick Colas, Convergex Group Chief Market Strategist, google searches are ‘off the grid’ indicators of what may be happening out there in the economy.
One of the most interesting points, is that, since 2007, searches for the phrase ‘buy a house’ or ‘buy a home’ have increase 1.5 points. This may suggest that more sales will be in the works in six months or so as people take advantage of low interest rates.
