Things slow down at the holidays. Well, at least some business-related things do. My cookie-consumption actually increases. Looking ahead we will be keeping an eye on inventory, which usually bottoms out in the first quarter. We will also be watching prices, which, nationally, have been declining month-over-month, but are still up year-over-year.

Our Mover’s Moving Index came in at 153 in December. I noticed an uptick in sheriff sales in the data. We will see if that was a year-end binge, or signs of trouble.