Good perspective from above link. I had been thinking perhaps the rising interest rates may cause 10-20% price cut. However, it's probably unlikely given the low inventory. I have been in the market as a first time buyer since late last year. I have very little knowledge about real-estate markets, but trying to learn when possible. What I have noticed in the past 3-4 weeks is there have been far more price cuts than I had ever seen in the 7-8 months. The price cuts I have noticed are for fixer-upper type of homes.