Cooling Market?

More signs of a condo market that is cooling off. Article originally for the Wall Street Journal.

From the article:

In markets such as Las Vegas, Miami, Phoenix, San Diego and Washington, D.C., where investor activity had been heated, fewer people are competing to buy properties as an investment, real-estate brokers and housing analysts say. Some investor-owned properties are returning to the market for sale. With the pace of price appreciation slowing, some investors who were betting on quick profits are instead being squeezed.

If you've been wondering whether you still have time to jump in the condo market and make a quick buck, now might not be the best time.