Do you have a housing observation this weekend? See builder incentives or lots of for sale signs? Here is one a reader posted. "The bidding wars are, for all intents and purposes, over in Seattle. What used to be common is now few and far between."

"Asking prices are still very high, but most homes sell under Asking (like 85-90%). The original AP is still very inflated so don’t expect a bargain even going under asking. There is no way to know about this development , however, unless you check the county records 1-2 months after sale. So the market still appears bustling on the surface."

"Another interesting development: inventory here had been going up and down, up and down on a daily basis, for months. So there was a steady amount of buying. But since April 14, in the zips that check, it has been going UP only. So far, only one week of that so can’t call it a trend yet. The next couple weeks could be interesting, inventory-wise."

Another, "I was in chicago in Februrary. Condo for sale signs everywhere. And that was february. nobody in Chicago moves in February." From Arizona, "Six months ago was pretty much the top of the prices here in Phoenix."

One from San Diego, "I found a laughable flipper property here in San Diego last night. Small 1960’s house that the flipper had purchased for 700K in October 05. They painted, redid the flooring, added a few vinyl replacement windows and some cheap tilework on the kitchen counters. It’s still nothing great and has just the remains of some old neglected lansdcaping."

"They have been trying to unload it since February for almost a million dollars in a non-million dollar neighborhood. Good luck to them with that 3 month /300K flip that will be turning into 6 months soon."