The National Association of Realtors plans to launch national and local indices that are designed to be six- to nine-month leading indicators of home sales, according to NAR chief economist David Lereah.Mr. Lereah told attendees at a briefing with Wall Street analysts in New York that the indices would be based on the correlation between consumer Web-search activity and home sales. He said the association hopes to start by releasing the national index by the end of the summer. The NAR can be found on the Web at http://www.realtor.org.
Processing Content
