Post your market observations here! Any kind of personal insight or media report or website is wanted. Some readers are doing so by zip code. "What is your favorite zip code to follow?"

"92648 downtown huntington beach, lots of speculators and new homes that are dark at night. Inventory is up significantly from last summer."

"I closely follow zips 92603,92604.92612,92614 which is a subset of Irvine, Ca. (Orange County). Activity is currently mixed, with some sales. However, many properties have been listed for many months. Some sellers are reducing prices 5% 10%. Other sellers have refused to capitulate. I have had recent conversations with R/E agents who are now starting to use phrases such as 'priced right' when listing properties on behalf of sellers."

"Lot different posture than last summer when the mantra from the R/E complex was that 'Everyone wants to live in the O/C,' 'Prices can only go up,' etc. Spring weather is starting to arrive.. This selling season sure is going to be interesting!"

"I live in 92606 and I’m seeing the same thing. No major price drops but DOM longer. Inventory steady. The new stuff across the street at the old Tustin Air Base seems to be selling rather quickly. I also noticed these 'newer' places in a sub called 'Park Lane' near the railroad tracks of Harvard and Irvine Center Drive seem to be selling briskly as well."

"I follow 92627, Costa Mesa, CA I see a lot of activity in terms of new signs, changing signs (FSBO to RE), signs disappearing with no 'Sold' announcements, and many many open houses. Sitting very very tight until I see mean reversion or more."

"34102….Naples, Fla. Big time speculators about to get burned in one of the most overpriced cities in US."

"I’m all over 34787. Winter garden, Florida. Right outside Orlando. Started tracking inventory on Dec. 27, 05 … it was 282. Now, 2 months later, it is at 408. I’d like to find out what people will happen at the midway point this year (June 06), and the end of the year (Dec. 31). Because all the renters are going to be in a rush to buy, and I have a gut feeling, that rush is going to begin sooner, rather than later."

Another added, "I was hoping you would look into the Reno market. Reno has 5100 houses for sale, including 1800 new listings in Jan 06. Only 500 homes sold in Jan 06 and the Reno Gazette/Ostrich has decided to report little on the home bust here. Considering that Reno has only 450,000 people this bubble could be of epic proportions. Reno is far more expensive than Las Vegas."

From a reader in Arizona, "Todays Kingman Daily Minor, Rhodes Homes wants to build 650 unit apartment complex in golden valley. the reason is to house the workers that are going to build the 33,000 homes in golden valley. Like Kingman needs more housing, 100s of new homes empty now and the min wage jobs in Kingman the workers here cannot affort to rent, never mind buy."

To which another replied, "33,000 more new homes in Kingman? My gosh, what are those people going to do to work? There is not anything there to support that number of people. And it already looks like a whole slew of McMansions have been built right next to the freeway. While I drove through last week, all of the trees around Flagstaff were looking pretty dry. If they catch fire, then Kingman can rescue all of the displaced folks. Or is it for still displaced Katrina victims? There is plenty of land to park a trailer. Violla, no houisng payment."