State fares better than U.S. on home prices, an article from the Rocky Mountain News, reports that according to an index considered to be the most comprehensive, home prices in Colorado generally fared much better than the U.S. market as a whole during the first quarter of 2008.  Nationwide, home prices posted the sharpest decline in the index's 17-year history, and analysts say housing has yet to hit bottom.  The report by the Office of Federal Housing Enterprise Oversight said that home prices fell 3.1% in the first quarter compared with last year.  In Colorado, Grand Junction posted the second-highest appreciation among U.S. cities, with a year-over-year increase of 9.1%.  Boulder posted a 4.1% increase; Colorado Springs 0.29%; and Denver-Aurora 0.9%.  As a whole, Colorado averaged a 2.29% home-price appreciation compared with the first three months of 2007.
http://www.rockymountainnews.com/news/2008/may/22/state-fares-better-than-us-on-home-prices/

Builders Tout Incentives In Bid to Sell Homes, an article from The Wall Street Journal Online, reports that in their attempt to sell houses, builders are bringing back incentives such as mortgage rates that start low, help with down payments and zero out-of-pocket expenses.  This weekend, the nation's largest builder by revenue, Lennar Corp., will start interest rates at 2.88% for the first year and 3.88% for the second, before a slightly higher rate locks "for life."  While acknowledging things are tough, builders promise they are being responsible: To keep people out of houses they can't afford, they are scrutinizing income and credit scores and making sure loans don't reset with unbearable payments.
http://online.wsj.com/article/SB121150981381316483.html?mod=RealEstateMain_1

Additional articles that you may find of interest:

An extra effort for marketing
http://www.gazette.com/articles/marketing_36625___article.html/effort_extra.html

In search of a fix for jumbo loans
http://money.cnn.com/2008/05/22/real_estate/jumbos_weighed_down/index.htm?postversion=2008052212

Sales of existing homes fell 1 percent in April
http://www.msnbc.msn.com/id/24791568/

Help for mortgage holders in trouble
http://www.usatoday.com/money/perfi/housing/2008-05-22-mortgage-trouble-payment_N.htm

Fannie, Freddie Report Progress In Cutting Some Mortgage Rates
http://online.wsj.com/article/SB121149923535615823.html?mod=RealEstateMain_1