I am noticing a definate slow down in the market since spring 2010. use to get 9+ offers on all my short sales. now the phone barely rings. i am located in riverside county, CA. anyone lese experiencing a downturn also?

Same here! The market is slowing. Ever since that tax credit expired. Now that we are heading into the holidays isn't going to make things better. Keep your head up though.

Buyer activity is way down in Minneapolis/St. Paul area as well. We have seen sales numbers decline 30% to 40% every month since the tax credit ended.

I agree with Kevin. We really have seen a noticeable slowdown here in the MN Real Estate Market. With about 25,000 homes for sale on the MLS, there are about 10 listings for each and every buyer in our market.

I have faith however we will continue to move forward! The job market in Minneapolis is still fairly strong.

Thanks again!

Many buyers are feeling with low interest rates and the infamous "shadow inventory" that they will wait for lower prices.

That is on the residential side.

On the commercial side the buying frenzy occurring now and over the next few years is truly amazing.

I will be working night and day to take advantage of this distressed market. Once interest rates rise and investors have locked in low prices deal activity will greatly reduce and most will be in a hold position waiting to sell before the peak.

I'm also in the Minneapolis market, and I'm seeing the increasing interest rates make some of the buyers nervous that they have missed the "very bottom" of the market, and the increasing rates actually have been helping to increase buying motivation!

I visited Atlanta a few weeks ago. A friend in the real estate development business told me that he had no project at all in the past two years.