• Dallas
• Charlette (for a while, then they move one-for-one -- follows very closely)
• Atlanta

• Cleveland
• New York
• Denver

• LA, 

1. So, maybe external shock does something to jack prices up. 
2. Price momentum encourages punters to buy (and quickly sell) houses. 
3. You see a jump in search interest for a few terms and you see a rise in houses sold.
4. Feeds into itself, higher prices, more buyers. 
5. Eventually, possible buyers are exhausted, and # of houses sold drops off. This is slightly preceded by a drop off in search interest for prop dev, com&investment and other terms. 
6. Following this, house prices fall. feeding into drop in drop in search interest into real estate. 

• 52W MA # of houses sold
• listings
• prop development

Weakly Precede Peak Drop-off:

• Inspections and apprasials 
• com and investment real estate
• agency searches

• regoinal Unemployment inverse with CS housing prices
• regional GDP followed right on top of housing prices

• agency interest
• 52W-MA # of houses sold
• listings preceded at first, then followed CS prices until bump up between summer-2008 to summer 2009

Weakly Precede Peak Drop-off:

• inspections and apprasials
• com and investment real estate

• GDP-per-capita followed behind housing prices
• Unemployment inversely related to CS housing prices. 

• Com and Investment Real eastate - but not perfectly. Seems a long-term down trend in Com&Invst searches. 
• Property Dev (similar pattern to Com&Invest above)
• 52W-MA # of houses sold
• Listings

Weakly Precede Peak Drop-off:

• Agency interest follows CS Prices perfectly. 
• Peak in GDP-per-capita follows by a year peak in CS Housing. Huge drop in GPD/cap at trough of CS housing. 
• Unemployment inverse of CS Housing
• Spike in #of houses sold corresponds to huge drop in GDP/cap

• 52W-MA # of houses sold. 

Weakly Precede Peak Drop-off:

• Listings - but listings keeps dropping after CS housing prices have steadied off. 
• Prop Dev, Overall Real-Estate, Time-Share, Agency, Com & Invest sort of follow-perfectly, or slightly precede CS Housing Index. But seems part of long term trend. 

• No Summer 2008 bump in listings searches. But there is a bump in 52W-MA # of houses sold. 
• Unemployment again inverse of CS Housing index
• Peak in GDP-per-capita follows by a year peak in CS Housing. Huge drop in GPD/cap at trough of CS housing. 

Weakly Precede Peak Drop-off:

• Com & Investment Real estate slightly precedes CS. But seems part of long term trend. 

• A very different city. Didn't have the same type of bubble. 
• 52W-MA # of houses sold follows right on top of CS Housing. 
• Listings weakly follows CS Housing index
• Agency searches follow on top of CS Housing. 
• Insp & Apprasals follows slightly CS Housing index. 
• Unemployment inverse of CS Housing. 

• agency (until Jan 2011, huge drop in agency searches, but no such drop yet in prices)
• Com&Invest precede drop, but seems part of long term trend. 
  Similar with prop development
• 52W-MA # of Houses sold - definitively precedes prices. 

Weakly Precede Peak Drop-off:

• Listings follow right on top of CS Housign prices. 

• Inseps & Appraisals follow CS housing index right on top
• Aprt&Rentals follows CS housing price. 
• GDP/cap rises up following CD housing prices, but drop isn't so big as in other cities. 

• Listings, very clear preceding trend. Bump in Listings Jul09 to peak at Jul10, then down (weird)
• Com & Invest precedes. But might be long term trend. Similar for Prop Development. Similar for agency. 
• 52W-MA # of houses sold precedes CS index perfectly, until Jan09, then a big jump up in #of houses sold, while CS Housing stays sideways. 

Weakly Precede Peak Drop-off:

• Inspections and Appraisals right on top. 

• Apt & Rentals kind of follow CS. Big Bump at Jul09 to peak at Fall10, then down to trough    at Fall 11. 
• GDP/cap follow CS housing index. 
• Unemployment, against inverse of CS index.

• Com & Investment definitely precedes, but might be part of long term trend. Similar but more strong for Property Development. 
• 52w-MA # of houses sold definitely precedes CS index trends. But after Jan09 #s trend up, while CS index trends sideways. 
• Listings definitively precedes. But: Interestingly there's a trough in listings interest at Summer09, peak in Summer 10, followed by another decline. All while CS housing trends down slightly. 

Weakly Precede Peak Drop-off:

• Agency. Right on top of, to slighlty preceding it. 
• Inspt & Appraisals similar to above. 

• GDP/cap follow CS index. 
• TimeShare & Vaca trending up this whole time!
• Unemployment inverse of housing prices. 

• Listings peak, turn and decline strongly precede CS housing dynamics. After July 2009, listings interest follows housing prices closely (doesn't strongly precede it anymore)
• 52w-MA # of Houses sold right on top, to slighlty preceding CS housing. 
  Interesting, spring 2011, #houses sold shoots up, but CS Housing shoots down, breaking the consistent pattern before that time. 

Weakly Precede Peak Drop-off:

• Agency Interest, Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend. 
• Inspections & Appraisals somewhat precedes CS housing. sometimes preceding dynamics, sometimes coincident. 

• Unemployment is somewhat inversely related to CS housing. Not as good as for other cities though. 
• GDP per capital right on top of CS Housing. 

• Listings peak, turn and decline strongly precede CS housing dynamics. After July 2009, listings interest follows housing prices closely (doesn't strongly precede it anymore)
• 52w-MA # of Houses sold right on top, to slighlty preceding CS housing. 
  There's a Jump up between fall 2009 and summer 2010 in #s, not matched by CS housing. 

• Agency Interest, Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend. 

• nothing yet!

Weakly Precede Peak Drop-off:

• Agency Interest, Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend. 
• Listings moves coincident wtih CS housing

• Umeployment inverse with CS. 
• GDP/cap doesn't really move with CS hosuing index at all. 
• I don't have any #of Houses Sold data for Boston -zillow doesn't have it....

• At first, #of Houses Sold drop precedes CS housing drop, but then houses sold jumpts up about 2007-2009 while CS housing continues a steep drop, and levels off. I suspect this has to do with the extraordinary foreclosures in Detroit, with houses going for dollars, and the city demolishing homes to build farmland. 

Weakly Precede Peak Drop-off:

• Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend. 

• GDP/cap data follows CS housing closely. 
• Unemployment level and steady until July08, while prices fall hard. Unemployment jumps up hard after winter09, when CS housing have leveled off. 

• Number of houses sold strongly precede CS housing. 

Weakly Precede Peak Drop-off:

• Listings slightly precedes moves in CS Housing.  
• Agency Interest, Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend. 

• Umeployment inverse with CS. 
• GDP/cap doesn't really move with CS hosuing index at all. 

• # of houses sold
• Listings

Weakly Precede Peak Drop-off:

• Agency
• Com & Investment and  Property Development interest drop definitely precedes decline in CS housing index, but might be part of long term trend.

• Charlette had a very late peak
• GDP/cap follow CS housing index. 
• Unemployment, against inverse of CS index.

• Com & Investment dynamcis stronlgy precedes drop CS Housing.
• #of Houses sold solidly precedes. 
• Listings strongly preceds. Except there is a big jump between summer09 to summer 2010 in Listings searches that coincident with a jump in CS Housing. The index is flat that time. 

Weakly Precede Peak Drop-off:

• Agency interest follow CS prices very closely. 

• GDP/cap doesn't really follow CS housing index. 
• Unemployment pretty inverse. 

• Number of houses sold strongly precedes dynamcis in CS housing index dynamics. 

Weakly Precede Peak Drop-off:

• Unemployment somewhat inverse of CS housing. 
• GDP/cap follows CS housing, but stays high. 
• Listings is weird, and off CS housing. Kinda coincident with CS Housing. 

• Com & Investment seems to strongly precede move in CS Housing. But decline in  Com & Investment might be long term trend. 

Weakly Precede Peak Drop-off:

• Prop Dev follows nearly one-for-one CS housing. 
• Agency interest follow cs housing prices. 

• Listings is oddly off. Run up and peak in listings follow CS. Jump in Summery 09to summery2010 that isn't coincident with CS housing too. weird. 
• Unemployment is inverse with CS housing
• GDP.cap follows CS housing index. 
• #of Houses sold FOLLOWS CS housing index. 

Weakly Precede Peak Drop-off:

Weakly Precede Peak Drop-off: