The biggest factor I see in play is the credit market…..not much of a surprise there. For higher end properties, where a buyer might have to try to get a jumbo loan of over $417K, they are either faced with a much steeper cost of money, or the seller can bring down the rate by buying points. As far as condos go, there have been some weird rulings from FHA and Fannie Mae about not lending at all without at least 20% down payment and 12 months of living expenses in reserve ….. and also tied to how high up in the building the property is. But that may lighten up and have been a temporary condition.