This is the Special Report sent to our clients on December 1st 2015

** UPDATE ***

Urban Digs restates/upgrades their data. Urban Digs, from which we derive much of the data we analyze has found discrepancies in the data that the RLS puts out. They have applied corrections to the data which will result in some of their charts being changed, including the subject of our recent Special Report. This does not in any way invalidate our assumptions and assessments of the market. It simply produces the same effects with different numerics. Please see Noah's post from the Urban Digs blog

Note: Originally Posted 12/1/2015 on previous website.

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