a) consistently seeing pricing that is at or below 2004 levels.
The challenge beyond this is that there is no such thing as 2003 pricing. Prices moved dramatically higher throughout 2003 before taking a HUGE leap between Dec 2003 and Feb 2004. To refer to 2003 pricing you really need to specify what month.
We will hit prices levels on the way down that we never hit on the way up due to the size of the jumps we saw. As an example, in my area homes that sold for the high 600’s/low 700’s in Fall 2003 sold in mid 800’s in early Spring 2004. It was insane how fast things gapped up.
