I am not so sure that the post was meant to be a prediction post. I think of all the posts FSD and UCGAL where the most I agree with. The main point which evidently was not made well, is that the inventory growth and poor active pending ratios may bode well for many of the submarkets that they are affecting. This is more of a short term prognostication. These are leading indicators that are followed up by pricing a few months later.
Don’t worry we will all be told that it was Bushes fault anyways.
