Wow! this is the most powerful public evidence we’ve seen so far about the crashing SD real estate. The article claims that overall median prices are down 8.1% from their peak, blows away that stupid Moodys article that SD prices would drop 8.5% by 2008. This number shouldn’t surprise any of us on this board as we’ve been expecting large % drops in median price for a long time. It’s getting ugly folks..hang on for the wild ride down!
