by Alan » Mon Sep 17, 2007 9:39 am
I think 12k is a long shot. Most closings happen at the end of the month and that causes inventory to stagnate the last week and the first week of the month. Maybe 15% chance of getting there? However, inventory started increasing earlier in September as compared to August and June. Maybe it will also stop increasing later?
I put 11600 at 80% today. I would have put it at 50%. I think there is a 50% chance we will get to 11750. But predictions are more meaninful the further in advance you make them so I'll stick to 11600.
I of 10600 on 8/6.
I think it is likely that I am suffering from a case of confirmation bias.