Yeah I was actually pretty surprised as well. The money could be move up money like you said. Again, it doesn’t matter to me as it is not a metric that I look at regularly although it is an interesting statistic. As long as volume is moving down then that suits me fine. The demo you mentioned may be what is needed to hit that equilibrium and it will happen at different times in different areas. The secular trend is locked in and I am not at all surprised to see spring activity. It will come and go though. As Bugs posted overall the median moves are historical so if we look at it like that then things are moving right along. People have money and will continue to have money and I see no major shifts unless layoffs of 6 figure salaries start to happen.
