A pair of reports on the bubble markets in the southeast. "A report by the S.C. Association of Realtors confirms that coastal South Carolina is becoming a buyers' market as some areas have seen sales declines. Hilton Head saw a 26 percent drop in sales and Charleston had a 3 percent decline, according to first quarter statistics."

"The drop in sales is contributing to the shift to a buyers' market, where customers will have respite from bidding wars. 'Ultimately, we will see some leveling off and even a price decline, particularly in the condominium market,' Jim Peters, CEO for the realtors said."

"Peters said all markets across the state are experiencing an inventory buildup like Myrtle Beach. The drop in sales is contributing to the shift to a buyers' market, where customers will have respite from bidding wars."

"'Ultimately, we will see some leveling off and even a price decline, particularly in the condominium market,' he said. Some speculators may be finding it difficult to sell property right now, Peters said."

"The number of Broward County, Florida, homes sold during March continued to decline, to 649 homes from 958 single-family homes sold for the same month the year before. The number of combined single-family and condo-townhouse sales in March dropped by a third to 1,418 from 2,122, while volume was $512.1 million, down 23 percent from $664.4 million."

"The number of new listings for all property types in March rose 60 percent to 7,852 from 4,902. The total number of available single family homes and condominium-townhouses in Broward County more than tripled to 18,679 from 4,891 in March 2005."