9/9/2019: Last week was post-Labor Day, with a predictable surge in Newly Actives (NA’s), which settled down over the weekend, but expecting another surge this coming week. A slight surge in 6-day P/PI’s, bumping back up to 23% of all P/PI’s. Total P/PI to NA ratio is also beginning to rise, currently at 58%. MLS Market Watch shows NA surge, Pendings down 1/5th last week, Contingents still well below 5 days.
Posted on September 9, 2019 at 3:29 pm Bruce Phares