Social Mood Conference  |  Socionomics Foundation

June 21, 2019

David Blitzer, a spokesman for S&P Dow Jones Indices, says existing single-family home sales in the U.S. are flat. He says that home price gains in the U.S. continue to slow and that double-digit gains have vanished.

Meanwhile, the Pulsenomics Housing Confidence Index is suggesting a housing market rebound. Whenever the index is higher than 50 it indicates improving conditions, and in the first quarter it was 71.65.

Furthermore, a buyer has paid the highest price ever—$80 million—for a townhouse in New York City. And in January, a buyer purchased a New York apartment for $238 million—the highest price ever paid for a home in the U.S.

So, is the housing market going up or down? Experts will be glad to answer that question. They’re continually making forecasts, and they often extrapolate current trends into the future. But the market is not regulated by current trends. It is regulated by social mood.

To learn more, read “UK Real Estate: Fractured Market is Not a Healthy Market.”


 

If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.

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