David J-
A couple houses listed for about $1m on Lourdes Terrace (just above College Ave.) were pulled off market last fall and rented for- I believe- about $3000. I think rents would be $2300-3000 for a quality house.

Macmichael- I am basically look for a 4 bd (or 3 + an office), 2000-2500 sq ft (or more) anywhere from the areas off College Ave, on the hill, or by to the lake. (I owned, now rent by the lake). In sense, of course, I already won my bet that prices would fall. But I am increasingly willing to bet they will fall more, so I can’t exactly say I would buy even if something met my needs and was a good deal compared to current listings.

But if this thread is any indication, does seem like lots of buyers are hovering around this area, like me, waiting for the right deal on the right house. So my internal “buy now?” debate continues.