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Trend Watch: Real Estate Investment
March 19, 2021
Trend Watch: Real Estate Investment
An uncertain economic climate has driven Americans towards all manner of investments in record numbers, and our data shows that real estate has been an incredibly popular choice.
Consumer Mentions of purchasing or investing in real estate rose to an all-time high level last Fall and are still showing impressive strength, up +31% YoY (90-day MA). It’s clear that this trend is having an impact on prices. The online real estate giant Zillow (Z) utilizes a proprietary score called the ‘Zillow Home Value Index’ (ZHVI) to quantify the change in average home value across the entire U.S. market.
In February 2021, the ZHVI rose +1.1% for a 3rd consecutive month and +9.9% year-over-year.