Five or six months ago, it was nothing to have a house come on the market and see one or two offers the same day. Sellers are going to have to be more realistic.

On the Treasure Coast, while prices are still trending higher, we have had three consecutive months in the $260,000-to-$270,000 range. We might be catching our breath a bit before we look to go higher.

It's more difficult for investors to make sense of the market. People are looking at $3,000 a month to own the property, and they can only rent it for $1,800 to $1,900.