Prices continue to drop. Builders seem to lead the way by offering buyer incentives as high as $20,000+-.

The builders will often offer "flex-cash" in the amount of 2% to 4% of the price. 

This can be used for a price reduction or to buy down the interest rate on a buyer's loan.

Interest rates are now 7%+- for owner-occupants & 1% higher for investors. 

Rental rates are also slightly down compared to a few months ago. Is this seasonal?

This is a good time to start watching the market if you have been on the sidelines. We may be near the bottom.