The Be Realty Real Estate Barometer or The BeREBar, is a blunt tool to understand the health and momentum of the U.S. real estate industry. The Barometer was created by compiling information on a range of economic indicators, along with an in-house Real Estate Index comprising 13 REITs and Real Estate ETFs.  

In addition, more than 50 industry and financial experts were surveyed on the relative importance the range of economic indicators has regarding the real estate industry.  The end result was the creation of a proprietary weighted economic multiplier that is applied to the Index. This economic multiplier amplifies the effect the most significant economic indicators have on the industry. 

The delta between these two datasets provides a fascinating depiction of the industry’s current state.  Specifically, when the delta is negative, the industry is not performing well, and conversely, when the delta is positive, the industry is healthy. The results have been analyzed since January 2000 and are updated weekly to produce a simple Green, Yellow, or Red-light barometer for the industry.

The BeReBar does not suggest or predict market tops or bottoms; however, it is a blunt tool to understand the industry’s current health and further understand the possible direction we are heading.