We've not seen anything like this previously. There have been hurricane disruptions, like Andrew, which was a temporary thing and the market bounced back, followed by a return of a red-hot housing market with housing prices hitting new highs in 2004.

Seller concessions have not been common in the last five years. Sellers haven't had to offer them. But as we become more balanced, especially in areas of high inventory, that's where you'll see the use of concessions become a bit more common.

Hurricane Andrew hit and everything changed.

Our survey doesn't explain why. It gets down to being as simple as women have a better understanding of housing as a long-term investment. Single guys are more interested in consumption. They don't get serious about real estate until they meet the right woman.

If you're on a flood plain, obviously that's an issue. And in the mountains there can be fire concerns.

We think that sales might ease a little bit in November, but they should stay within a fairly narrow range through the first quarter.