This analysis is simplistic and flawed.<p>It asserts a correlation between the fried chicken&#x2F;coffee shop ratio index and home price, which is reasonable enough.  It then assumes that homes that are undervalued vis-a-vis their implied value by the FC&#x2F;CS index are up and coming.  This likely makes sense in an environment of overall rising house prices.  However if house prices are falling or stagnant overall it may be the coffee shops which are lagging the market.