We definitely heard a note of what I would call healthy reality from some of the folks this time. There's a lot of office space in Bentonville and a lot of retail space coming online.

I don't think it is terribly surprising, as we have been watching all the announced projects. I think we will continue having a lot of space coming on the market.

We are seeing some serious imbalances in the market. When you have price increases with inventory increases, something's got to give.

While demand is still very strong, this is a caution to all the folks involved in residential construction out there.

Frankly, I was surprised by our survey results based on what you hear. I'm not saying some people didn't say negative things, but the responses to our study were largely supportive.

But it can't continue indefinitely. Overall, in the year, we have seen availability added to the market.

We are seeing smaller increases in both than we have previously. But it can be a gradual process. We are predicting — and we are going out on a big limb here — a slowing of the increases, possibly leading even to a decline in the future.

We have had such cheap credit for a relatively long period that there may be some sort of market fatigue.

We know we have the largest properties in the sample and what we are missing is going to be very small.