Was 2013 a new trajectory, or an abnormality?
Scott P. Rogers
OK -- this is as clearly as I can put it....
- The number in the brown bar (285, 301, 380, 333) shows how many homes sales had occurred by the end of May for the past four years.
- If we ignore 2013 (for a moment) we see that Jan-May 2014 home sales are a reasonable prediction based on the trajectory between 2011 and 2012.
- This, thus, leaves me wondering if the pace of home sales in 2013 was the new trajectory, or an abnormality.
It could have been the new trajectory --- and perhaps 2014 home sales will catch back up later this year, after having been slowed down by wintry weather early in 2014.
Or perhaps, 2013 was an abnormality --- and the pace of home sales in 2014 will not catch up to the fast pace of 2013.
Only time will tell....
