What do you see in your housing market this weekend? Auctions? "Newly Remodeled Harbor Estates Home on extremely rare Single Loaded Street. Bike to Dana Point Harbor, Capo Beach and Doheny Beach.

"How about builder incentives? "In addition to the fixed four-percent over three years, Standard Pacific's Summer Savings Program will include events offering additional buyer incentives at several of the builder's East Bay communities, including Cortina in Oakley , Oxford Square in Tracy, Andalucia in Fairfield and Portofino in Vacaville."

The Buffalo News. "Home sales in the Buffalo Niagara region fell 8 percent in June compared to the same month last year, as the number of homes on the market continued to rise. Miriam Treger, president of the BNAR, said prospective sellers shouldn't 'overreact' to the market conditions and rush to cut their prices, unless they are facing an immediate deadline to sell."

"'We can create an artificial dip by overreacting,' she said."

From Florida. "The number of foreclosures in South Florida jumped dramatically in the first quarter of 2006, up about 3,000 (or 40 percent), when compared to the end of 2005. 'I'm seeing foreclosures in many areas where they just weren't prevalent before,' said Rhonda Light, who operates in Palm Beach and Broward counties. 'The foreclosures we're seeing now are all over the board and in all different price ranges.'"

"The downturn in the real estate market should be a lesson to all potential investors: You should think long and hard before using creative financing, such as adjustable-rate mortgages, to purchase a home."

A landlord like this in Dallas? "In many cases though, it's not just the home owner, but anyone renting or leasing the home that is affected by foreclosure. The home Gwendolyn McGirt lives in is scheduled to be foreclosed in early August. 'We have never been late on our rent, but whatever's happened on his end, the rent hasn't been paid and the mortgage is due and the people are harassing him now,' said McGirt."

From the topics thread. "San Diego inventory is already at record levels, and I’m trying to get a handle on how many (more) people have to/will have to sell. Corrections to these numbers are welcome."

Home sales in SD ‘04 (Patrick Heald): ~52,000

Home sales in San Diego ‘05 (Bob Casagrand): ~42,000

"According to an old SD Union Trib article, 63% of buyers in SD used I/O loans in ‘04 = 32,700 homes. Some of the sales volume in ‘05 was probably resales of ‘04 flips, but that’s still a lot of of hot potatos floating around."