Interpreting lagging and leading indicators. Huh?
No, it’s not witchcraft. Stats and data can sure help you gauge some idea of what will happen in the property market, though there are no guarantees. Accurately trying to predict a good investment isn’t an exact science and comes with all kinds of challenges.
The best thing you can do is group insights into both lagging and leading indicators to help you make a decision. So for starters, what is a lagging indicator and a leading indicator?
Lagging indicators typically measure performance over time and can confirm trends or changes in trends, while leading indicators forecast what may happen in the future.
Let’s examine them.
Looking into the past