Moving beyond the game - measuring the sentiment
Realius is moving beyond the game to measuring the consumer sentiment of local real estate markets. When individuals shopping for real estate at our partner, Zip Realty's website, they will see our prediction widget in the sidebar of each property listing. We have come up with a way to aggregate the thousands of predictions we obtain into an index that measures how people feel about local real estate markets from a price perspective. We call our index the Market Sentiment Index. As the chart below shows, when measured across the United States, our index has been tracking the Case-Shiller index. Since the index is base on real time perceptions of real estate markets, our index is 60 days ahead of Case Shiller. Below is a graph of the index based on data through May 2010. I will hold back on the real time results for the moment. If you want to learn more, contact us at info@realius.com.
