For what it's worth (and I may as well get this in before it's moved off to the windswept wastes of Non-Air Transport Issues), I act for banks in relation to commercial lending, both on the investment and development side, and I'm not seeing much of a slow down in that arena. Nor, while we're on the subject, are lenders doing silly things like lending 90%, 100% or even 110% of the value of the property anymore, as they were back in the late 80's/early 90's.
We may have a slow down, but I don't reckon there'll be a turnaround.