By this time the market was slowing for flags, but was not yet saturated.
That said, the market for zappers hasn't slowed down much.
Noting that the recent report reflects offers accepted earlier in the year, he said the market has slowed.
The market slowed considerably in 2008, but the firm still moved about $550 million in real estate.
As a result, the new-issue market for young companies, which had been in decline since 1983, slowed to a trickle.
At the same time, the already sluggish market for initial public offerings slowed to a crawl.
In November the market slowed to its lowest since January 2007.
Some brokers said what they call the "move-up market" had slowed won.
"Lease with option to buy" contracts have spread as the market has slowed.
Now that the market is slowing, he calls his father only about once a day.