BG
Thanks for your comments, if you look at the contingent as a portion of active back in early 2013, almost all active were contingent. I’m guessing that the brokers aren’t updating the contingent like they used to. Would be useful to know what portion of “active” really is active, but while one data point isn’t the full story, I’m guessing it could be as much as 50% today which would align more with the spring 2013 data.