“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Housing crash concerns, expressed through online search trends, jumped this spring — back near levels seen in the early days of the pandemic.
Source: My trusty spreadsheet analysis of data from Google Trends compares and combines peaks and valleys of search patterns for two phrases linked to real estate troubles — “housing bubble” and “housing crash” — and two phrases of simple interest in property — “home prices” and “housing market” — back to 2004.
If you assume online searches can be tied to popular thinking, eyes are on housing almost like (1) a year ago when the economy was locked down and economic fears were sky-high and (2) the days of the bubble-bursting crash of the mid-2000s.
Californians in May searched for these four key housing terms at a collective pace 69% above the 17-year…