The boom is definitely subsiding.

I would counsel people not to think that the sky is falling.

For the past few years it has been completely a seller's market. Now buyers are going to start to feel like they have some bargaining power because there are more choices available to them.

For the past few years it has been completely a seller's market. Now buyers are going to start to feel like they have some bargaining power, because there are more choices available to them.

Investors are showing a little less enthusiasm and they're not as bullish as before.

The whole county was averaging about 5,000 starts a year until 2002. But in the last 12 months it did 9,908.