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Internet searches and transactions on the housing market

Author

Listed:
  • Sander van Veldhuizen

    () (CPB Netherlands Bureau for Economic Policy Analysis)

  • Benedikt Vogt

    () (CPB Netherlands Bureau for Economic Policy Analysis)

  • Bart Voogt

    (CPB Netherlands Bureau for Economic Policy Analysis)

Abstract

We use Google searches of the word “mortgage†to explain housing transactions in the Netherlands in the period from 2004 until 2015. Our estimates indicate that Google searches of the previous months are significantly positively associated with housing transactions in the current month. This provides evidence that internet search data can provide information about real market behaviour.

Suggested Citation

  • Sander van Veldhuizen & Benedikt Vogt & Bart Voogt, 2016. "Internet searches and transactions on the housing market," CPB Discussion Paper 325, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:discus:325
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    File URL: https://www.cpb.nl/sites/default/files/publicaties/download/cpb-discussion-paper-325-internet-searches-and-transactions-dutch-housing-market.pdf/cpb-discussion-paper-325-internet-searches-and-transactions-dutch-housing-market.pdf
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    1. repec:eee:jhouse:v:36:y:2017:i:c:p:8-24 is not listed on IDEAS

    More about this item

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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