Marshall Prentice Ominous Quotations

Trends in January and February are notoriously bad at predicting upcoming activity. Is the market taking a breather? Or is it starting to tumble? It's impossible to say, there's nothing really ominous in the numbers, but we won't know for another couple of months.

Right now we don't see anything ominous in the numbers, just a real estate cycle that is past the frenzy phase.