I agree with livinincali there definitely seems to be time lags produced by buyer and seller perceptions which affects supply and demand.

Ctr70 the median can prduce results all over the shop. Look at Rich’s comments for condos recently. I’d definitely put more weight on CS. The question of where is the inventory going to come from, is answered by where did it go? I don’t see why CAR’s seemingly ‘negative’ comments should be dismissed since they have an interest in pushing for a recovery.

While I share your views on the craziness of low rates, I don’t see it as a cause to celebrate.