I dont know what it was but somethng made me look up this thread and I wondered what happened in this tract. For those who were around when we hashed all this out here is what happened since we left off.
In late 2008 the bigger models were still hanging around in the mid to upper 400″s. In Spring 2009 there was a fews months where a few (3) REO/short sales dipped to 360 to 375K whihc was right after the last post on this thread. By the end of 2009 they were back around 400K and since then have been hanging in between 400 and 425K. So it took longer to get to that bottom than most expected and that bottom was very brief. Since then things stabilized and have a flat/slight upward trend.
This turned out to be a pretty good metaphor for most of markets in SD.
