I dig the graphs. Looks like we are rivaling the NOD level of mid-year 1991. After that there were about 5 years before hitting the last peak. After that, the NOD’s fell off and started the most recent RE run up.
Also interesting is that we’ve gone from NOD levels which were lower by 1/2 of those in 89 and scaled roughly 2/3 of the difference between current bottom (750) and the most recent peak in 93.
