What's your housing market observation this weekend? Lot's of open houses, even on this holiday weekend. Know of a builder incentive? From one reader, "What are the tell-tale sign of a visible tipping market in your neighborhood? For example, I’m renting in Sacramento in one of the many, many new mega-neighborhoods complete with Club House and HOA dues, etc."

"I’m seeing lots more homes for rent and actually being occupied. What I see happening (slowly) is the people who are moving into the rentals are 1) More people per house and 2) Cars noticeably not in the same price range as other owner/occupants: BMW, MB, Volvos vs older mini-vans, beater commuter type cars"

"Not passing judgement because I drive an old(er) Nissan pick-up just wondering if this is the beginning of renters outnumbering owners."

"I saw this happen once before in Palmdale during the mid-90s. Tumbleweeds across front yards of empty homes were a common sight. Neighborhoods became checkerboarded–beautiful lawn next to dirt lawn. Empty or rented house next to owner-occupied."

Or how about local spending habits? "Can anyone see signs that consumers are tightening their belts. Is it happening yet where you can see it anecdotally?"

Another shared this, "Examples of surging inventories leading to louder yelps from Madison Ave –i.e. more hawking and squawking about homes for sale. I just rode in over Manhattan Bridge and saw a huuuuuuuuge sign on a building hawking Dumbo condos. Also this Century 21 ad is a sure sign of realtors realizing they have to push to sell. And you simply can’t listen to the radio anymore without someone barking about mortgages/loans. Any other local/national examples?"

One found a tax observation. "I’ve been playing around with my county assessors’ web site and my local newspapers sold homes section. For homes 700K to 1.8M sold in the last 12 months, 6% have not paid their December tax bills and 38% missed their 4-10-06 deadline. This stat was for California."

One saw the bust in the classifieds. "I think the housing crash is right around the corner; in the car section of the online paper here in Reno, more cars and gas guzzling SUVs for sale all of a sudden, saw one, where the guy is desperate to sell his truck in a hurry-and taxes due next week. Gas hitting $3 a gal soon. I think this thing is going to blow up before summer."

One reader from Europe had a question about the holiday. "Is Easter normally a big selling weekend for RE in the US, and if so has it been different this year?"