Although I don’t live in SD, I do speak with a resident of North County. The prevailing belief seems to be that RE prices are and will remain stable, and perhaps rise. There does not seem to be any kind of panic. Additionally, the rate of job turnover (household moves required) is exceedingly low. It seems that most people are just hulkering down and trying to wait out the job and housing recession, therefore, no must-sell organic inventory.
