What do you see in your housing market this weekend? Auctions? "A partially completed luxury home subdivision on Hawaii island is headed back to the foreclosure auction block after a failed gambit by the developer to retain a stake in the $100 million project through bankruptcy. Up for auction are 25 single-family home lots, land planned for eight condominium units and two completed condo units. Sales faltered with the economic recession after a strong early start that included selling one oceanfront lot for $8.5 million in 2005 and two condos that went for nearly $4 million each in 2007."

"In all, former HBO Chief Executive Michael Fuchs was able to sell 14 lots and two condos for a combined $38 million, according to property rec­ords. But project development loans went into default in 2008 after sales stalled."

Houses on sale? "Buyers shopping for an affordable home will find plenty of choices today, when more than 250 homes priced at less than $150,000 will host open houses during the 'Super Sunday' sales event. Most of the properties range from $75,000 to $140,000 and include many condominiums and homes built in the past 30 years. The median sales price of a central Ohio home in March was $119,900 - about $12,000 lower than a year ago. Many of the homes on today's tour have likewise declined in price."

"Gloria Henry, a Keller Williams agent in Pickerington, is showing a four-bedroom, two-bath home, with 1,500 square feet including the finished basement, sold in 2007 for $101,000. Henry is listing the home at $63,900 in a short sale, which means the bank must agree to accept less than is owed on the mortgage. 'The home has been totally redone,' Henry said. 'It's really affordable housing for any first-time homebuyer.'"

Or statistics? "Foreclosures are causing a marked rise in the number of vacant properties in the east metro and most dramatically in the city of St. Paul, according to U.S. Census data on Minnesota. The past decade saw a noticeable spike in the category the Census Bureau refers to as 'all other vacants,' including properties in foreclosure that are not currently for sale and not occupied. In 2000, this category accounted for 11 percent of the vacant properties in the east metro counties. By April 2010, it doubled to 22 percent."

"This trend was particularly noticeable in the city of St. Paul, where the overall vacancy rate jumped from 3 percent to 8 percent in the past decade. The proportion that fell into the 'other' category increased from 14 percent to 30 percent."

"Prices and inventories were down in the South Bay - excluding the Palos Verdes Peninsula and Inglewood. The median price of a single- family home was $505,000 in April, a 14 percent drop from the same month a year ago, according to a report to be released today by the South Bay Association of Realtors."

"Short sales - which involve homes sold for less than the current mortgage - represented 26 percent of existing single-family home sales for March in Los Angeles County, the last month for which there is data. Short sales usually take several months or longer for banks to approve."

"'In other words, if one-fourth of home sales in L.A. County are short sales, then how many of those sales are stuck spinning in a hamster wheel and effectively going nowhere?' David Kissinger, the local association's director of government affairs, said in an email to the Breeze."

"Kissinger added: 'We have huge concerns with short sales because the banks and lenders appear to be dragging their feet and, regrettably, may not always be acting in good faith with borrowers in order to avoid foreclosure and keep people in their homes.'"