Correct, this was not to illustrate that CAR may want a home in this area but to show what you and I would consider more robust signs of downturn. This is what we saw in 06 in various areas that then spread out. I recall posting active pending ratios all the time, and I think at one point we were seeing some CRAZY numbers. In my analysis each morning of what is a viable flip for a trustee sale purchase, I not only look at the comps but also my outlook for reselling the home based on activity in that exact locale of the home. So what I am seeing are more and more checkerboard patterns of slowdowns indicated by very poor active/pending ratios. This is becoming more prevalent in various spots. I also think the selling price runup that many sellers think they can get away with has a larger effect then buyers numbers dropping off but what the heck do I know.
