Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Check Home Buying Trend Google Inc. (GOOGL) Before Buying

Google Inc. (NASDAQ:GOOGL) has partnered with and will consequently be sharing its big search-data to be used for predicting U.S home sales. During an interview on CNBC, executive vice president, Rick Sharga, stated that a combination of information from Google and proprietary data from the site will be of great benefit to home buyers.


“This Nowcast is about as close to real time data as you can get. We are looking at ongoing real-time search traffic. [..] It’s not a question of having more data; it is a question of having more timely data, “said Mr. Sharga.

The new service is to be called Real Estate Nowcast and is to be based on Google Trends information. Realtors have not yet been entirely convinced with the new data according to CNBC’S Diana Olick, maintaining they will continue to rely on their own data in the market. will be using Google Inc. (NASDAQ:GOOGL) Trends data to look at searches involving real estate agents, property listings, as well as mortgage rates and home inspectors. The startup is also developing mobile and web applications that it believes will help its search engine optimization for marketing.

“For buyers, sellers, investors, government and even real estate agents, knowing what is going on behind closed doors of the housing market can translate into big money, “said Mrs. Olick.

Sharga argues will provide real-time data on the fact that the National Association of realtors relies on surveys of members to compile monthly sales figures, considerably lowering the release of results. plans to be releasing its data every mid-month, with future reports and pricing data on a regional and local basis. Google Inc. (NASDAQ:GOOGL) reportedly made an investment of $50 million on in March and is currently valued at $1.2 billion based on Google’s stakes. Advanced technology is being used in the real estate space as players seek to give consumers and professional’s market edge.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW