No, we really don't know when it'll all go down or exactly how. While the tools' icon showing up in the auction (presuming it hadn't shown up before now) may herald the coming of the housing reset (or not), I doubt it's anything more than that.
I'm really looking forward to getting rid of the mega house I created and reverting back to the small and much more manageable house I began with. Come on update!!!
Why are we already eagerly awaiting the next update O.o? This last one wasn't a test like the others. It's imagination for keeps! I'm still pretty entertained by that!
Though building my house wouldn't be disagreeable (Fingers crossed for bog interiors coming out with the switch and hopefully some new exteriors. Treehouses and modern homes anyone?) I'm fine with waiting for NEXT Tuesday. Though I'd like a Tuesday. Magic Glitchy Tuesday is a fun thing to have.
@Playglitch twitter feed recommended taking snapshots of your old house yesterday, "Record for posterity!"...it felt like a hint that the housing reset is soon.