The inventory is increasing substantially in the last 2-3 weeks.  Anyone in the real estate business who disagrees is not paying attention.  I may not have posted here but anyone who knows me knows that I have been predicting a substantial inventory increase since the beginning of the year.  The picture above is MACRO but the micro-markets are showing signs of the same.  I think that red line (2014 inventory) will continue to trend upwards.  I’ll have more details later.

-Paul