[quote=DWCAP]Any reason you chose those timeframes?

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2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.