Speculators selling homes that are near new is slowing orders for new homes, reports the Los Angeles Times. Thos investors kept the market red hot last year but now they may be adding to the slowdown.

The paper cites one seller who has had a Riverside home on the market and has had 100 inquiries but no buyer. The new report from Standard Pacific Corporation says the biggest slowdown is in hot markets like Florida and California.

It might have added Southern Nevada where a lot of middle-range homes were bought as a (sometimes speculative) investment. If they are all heading for the exits, housing might be a bit more affordable but it won’t ever return to the glory days when average wages bought a piece of the American Dream.

But the news isn’t all bad. The government reported today that personal spending jumped 0.9 percent last month. Some of it might have been those gift cards still hanging around but the mild winter also helped get people into the malls across the country.

Spending continued to outpace income for the second month, despite a healthy o.7 percent jump in income, reports the Associated Press. And new numbers from the Institute for Supply Management says manufacturing is still healthy, so maybe it was only a little air going out of the housing bubble and a slow slowdown would be good for everyone.