What do you see in your housing market this weekend? Builder problems? "Thursday was move-in day for Rob Poidomani and Gretchen Reiners, the first residents of south Charlotte's new Ardrey Crest subdivision. The big move followed an unwelcome surprise: They'd learned days earlier their builder was leaving the upscale project after starting fewer than 10 percent of the homes. D.R. Horton pulled out."

"'I'm sure a lot of people are perturbed,' said Reiners, while carrying stuff into her new home. 'But when you move into a neighborhood, you take the risks. Someone else will build here, and they will build nice homes. It just won't be D.R. Horton.'"

"A proposed sale of the Bahama Island resort property in North Myrtle Beach has fallen through, leaving investors who lost millions of dollars in deposits on the failed condominium project with dwindling alternatives to recoup their losses."

"'We are asking that the property be frozen and not allowed to be disposed of or sold without prior court approval,' said lawyer Jarrod Ownbey, who has filed lawsuits on behalf of 43 Bahama Island buyers who lost deposits. 'We don't feel that the bank is taking the depositors into consideration, and those depositors won't be protected unless we intervene in the foreclosure action.'"

"A Bridgeport City Council member contends a proposed tax break for developer Phillip Kuchma's half-finished downtown condo project is illegal, but city officials say the deal is on firm legal footing."

"'I don't want a huge, half-finished project in downtown that will ruin development in the rest of the city,' said City Council President Thomas McCarthy."

Or foreclosures? "On weekends, Coppell real estate agent Tess Langevin loads up a bus full of potential homebuyers and heads out to look at foreclosed properties. Ms. Langevin has plenty of homes to show."

"Based on last year's foreclosures, the eastern and southern sectors of Dallas County have seen the largest numbers of lender sales. But there were also big pockets of foreclosures in fast-growing northern suburbs including McKinney, Keller and Frisco, according to Foreclosure Listing Service."

"'Most of the foreclosures I am seeing are in newer tract home neighborhoods,' said longtime Dallas real estate appraiser Jack Towers. 'And if they can't refinance, they are stuck. We are seeing a lot of people just walk away from their homes.'"

"Mr. Towers said the scope of the home crisis has him worried. 'I've been though a couple of these things, and I don't like this one at all,' he said."

Or overbuilding? "About 18 months ago, the market for condominiums was enjoying a solid five- to six-year run. Today, however, many areas of the nation are scattered with 'busted' condos, some of them under construction or just completed, others that are condominium conversions and partially sold."

"'The formerly most-booming 'boom areas'—Florida, Arizona, Nevada, and California—have the largest inventory of busted condos, but this situation exists in almost all parts of the country,' Jules Marling, partner of Real Estate Research Corp, tells MHN."

"'Builders have overbuilt in some parts of the country, like Chicago, where there has been a drop in rents,' Marling tells MHN. 'It is now significantly cheaper to rent than to buy.'"