Google Searches for "Buy a House" Trending Up

The chart above shows the Google Trends online search volume for the term "buy a house" (for the U.S. only) back to 2007.  This was one of the "uncommon economic indicators" featured on a CNBC segment this morning featuring Nick Colas, Convergex Group Chief Market Strategist, who reported this as the most optimistic of the five uncommon indicators discussed.  Searches for the terms "buy a house" and "buy a home" are reaching post-crisis highs on Google Trends (see chart above), and could be a leading indicator of home purchases six months to a year in the future.