Looking at the chart it seems like business lending has been in the positive every year since 93 except a few months in 2010? The 9.5% year over year they mention of the past 4 years seems pretty high so maybe the 1.1% of growth is reasonable?
on the inventory…could it be that a lot of people agree stocks are a bit inflated right now so if they sold where would they put the money? Maybe they think SoCal Real Estate is a better bet and/or have long term goals with fixed financing in place and the properties cash flowing from rents.
