Are we slowing down? 

I have a client who has been on the verge of buying since February. We have looked at a lot of properties we liked, and made two below-market offers, but listing prices are expensive and nothing he has seen has set his hair on fire to pay list. We are looking at rentals tomorrow, and that may be that, but it does raise the question here: are we slowing down?

Is it certainly a question I get asked elsewhere, whenever I do radio tapings to flog my book, because expert hosts in other cities have already seen a slowing. Sometimes, as in D.C. or Florida, it's been a painful one.

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