"From the residential side, we have seen 12 contiguous months of increase in transaction volume and three months of increased pricing, although very small. Usually that means we're finally leveling off.

"We will see some markets where drop, but we're starting to see three to five contracts come in on the housing market. My friends on the residential side tell me they are as busy as they have ever been.

"Commercial always trails 12 to 18 months behind residential. High unemployment is impacting all sectors and availability of financing is another problem. I have buyers that want to buy, but they can't get financing.

"You can get recourse debt, but that require 30% or 40% down and some banks still won't make commercial loans. If we can ever get jobs and financing turned around, we will be doing a lot better.

"The commercial market is still going to be slow for the next 12 months, but there are buyers out there for certain product types. For example, single-tenant net lease product in the $1 million to $3 million range is selling at close to asking price."