Ms. Donna Sheppard, which homes are you specifically referencing? Foreclosed homes are what they are, those prices should not be compared to spec homes or newly built homes. I would be more than enthused to help you with this confusion.

Because the people that bought them would be underwater.

They listened to a Realtor 305 years ago who told them that prices enevr go doqwn and they might be priced out of the market forever.

These listing prices will continue to drop as the economy gets worse. No reason tobuy now.

Hi Donna! I would be happy to answer your questions. Before I can I would like to ask you which homes you are specifically talking about ? This will give me an idea of where you are coming from.

Feel free to contact me directly at sgagej@kw.com and I would be happy to talk with you more about this concern of yours. Talk to you soon.