National is national. It’s meaningless as far as the SD region goes. GC is a drowning man right now; he’s dogpaddling and desperately flailing about in search of a life preserver.
You don’t have to be an expert to recognize that despite a month-month uptick on the national scale we’re still bleeding out here. Our sales volume locally are horrible compared to the same peiod last year, which is where the real point of comparison is. Month-month is a meaningless point of reference because RE markets are somewhat seasonal, meaning some months always do better than others.
He’s just trying to manipulate the market psychology in an attempt to mitigate the damage. Oh yeah, and keep his advertising revenues coming in.