sdr the bellwether is in the pendings.Pretty broadly too.Now we need a “nerd” to seperate the seasonal adjustment component from the liquidity fallout factor. My view is that pendings have crashed well beyond the seasonal influence.I know it has been in the news , something like as many as 30% of escrows failed in the last month depending on the area.Clearly the rate of properties going to escrow has declined as well. You know I watch San Carlos, detached closely and the active pending was hovering around 60/30. All of the sudden it is in the area of 60/10. I also watch 92116 closely and although it wasn’t as strong as some neighbohoods it is really looking bad now. What do you think? I am thinking Chunks. The pendings in Jamul BTW, which have been really been low, actually went up 4 or 5. 100/10! This place is on fire!