Hello everyone, ...That's my catch phrase :-)
I have been thinking for a while about tracking my own microeconomic real estate indicator and I would like to see if anybody out there has played with a similar idea.
The thought came from other observations in society.
Sometimes one can derive some conclusions from events that are somewhat detached from the real thing, like analysts trying to predict the interest rate by the size of the briefcase Greenspan carried to the Fed meetings or how Hurricanes seasons activity are estimated by the ocean water temperature color coded pictures from satellites (... well, actually this one may have some scientific validity).
So I proposed that we start tracking how many emails we get from Developers, fellow Realtors and Mortgage Brokers promoting their products to estimate the Real Estate health of a certain region.
Once the email junk index would fall below a certain point we would know that the housing market is picking up again.
So my assumption is: the more emails we receive, the more desperate they are, the worse the market is.
The last few weeks in Tampa has been something else in the level of emails received. That in itself tells me we may have not reached bottom yet.
Has anyone had the same thought crossing their minds lately? or is my email address being spammed in isolation?
20 Feb 2007: About 12, I deleted some... will pay more attention tomorrow.
21 Feb 2007: 26
22 Feb 2007: 15
23 Feb 2007: 14
24 Feb 2007: 9
25 Feb 2007: 2 (Sunday)
26 Feb 2007: 17
27 Feb 2007: 17
28 Feb 2007: 15
01 Mar 2007: 10
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