What do you see in your housing market this weekend? Prices reduced? Poorly attended open houses? Here are a few observations from the topics thread. "St. Louis is all but dead, there is going to be a fairly strong pullback of prices in that market, IMO."

"People must be getting desperate in Tampa. This morning on my way to work, I saw a van wth the following written in shoe polish on the back window: 'Spring Hill corner lot, need to sell!! Call' If that’s not desperation, I don’t know what is."

"In Newton, MA where idiots are still paying 1m for 1950’s ranches and colonials. Gosh! The endless supply of GF is simply mind boggling. When will this madness end?"

"For the zip codes I follow (SD, north county), inventory has basically plateaued in July. It’s actually been going down the past few days. Not sure if it’s permanent, though, as inventory usually climbs through late September/October. I AM seeing more of the following in listing comments: 'desperate to sell'..'priced below comps (or appraised value)'..'foreclosure imminent'..'bank/lender owned'..'will take any offer'..'owner NEEDS to sell!'"

"Definitely seeing people selling for less than 2004 prices (and some still selling for more). Remember, SD prices have basically not moved much since mid-2004 because we reached the 'affordability ceiling' even with exotic loans."

From Canada. "Area real estate prices softened slightly in July, according to new statistics from the Real Estate Board of Greater Vancouver. The sale price of a benchmark single detached house in Greater Vancouver dropped $5,000 from last month to around $644,000. Total residential sales were down 25 per cent in Greater Vancouver, to 2,732 units for the month."

From Colorado. "The number of homes for sale in the Colorado Springs area last month soared to an 18-year high as sales slowed for the third time in four months. 'The housing market is clearly softening. There is no question it is really becoming a buyer’s market,' said broker/owner Joe Clement. 'We’ve got a whole bunch of homes that are not getting sold; they just aren’t getting offers.'"

"The local housing market is slowing in response to higher mortgage rates, said economist Fred Crowley. 'I don’t know that the housing bubble is bursting, but there certainly is a leak,' Crowley said."

From New Hampshire. "Paul Griffin, of the New Hampshire Realtors Association, said the real estate market is slowing down a little bit. There were 163 new houses listed in one day last week on a statewide data base, said broker Jason Duval. 'New construction has taken a bath on this and the worst sales are being reported for condos because there are so many on the market,' Duval said."

"Tracy Dowling found a house on Baboosic Lake Road. It has plenty of room and a big back yard, and best of all, the price had been reduced $40,000 to $289,900. With time on their side and the market turning their way; and Tracy Dowling was using the momentum to her advantage. 'I most definitely am,' she said."