Yes I agree Andy. I am not saying prices are going to go either way, I just try to interpret the data. The data from the auctions suggests it will be harder, much harder for flippers to make money, myself included. However overall re market data shows inventory growth in certain areas which bodes well for buyers. Lets see what happens. Again, the game is rigged but even rigged games break when the tipping point is reached. My consistent message is that interest rates will be the big catalyst behind the next big move down. However we could see moderate downward movement if inventory keeps growing.
