John, yes. The number of transactions is definitely weak in SoCal. Its not like the disaster happening in otherplaces like Florida, Boston or Phoenix.

Jon Talton wrote today (Arizona Republic): Housing slowdown spreads risk far, wide

'It's only a matter of time before employment numbers are affected. The big drivers behind the region's growth haven't been corporate, research and real manufacturing jobs, but construction and "services" - read many real estate services ...'

There is real fear in Phoenix, but not in SoCal yet.

Best Wishes.