Inventory usually decreases over the winter, and so do sales. So you are saying this time is unusual, in that we should be seeing a decrease by now and we are not?
I still think it will come down some. Give it another few months. People need to start coming to thier senses and watch some football on Sundays instead of looking at homes.
I do think we will still see the yoy sales numbers on a per month basis stay in the minus 20-30% range. As long as this is the case, the market will be cooperating with our bearish opinions.
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