Hello Monica - okay, we are talking Condos. There are deals to be had in condos especially bank owned properties; and if you are willing to wait it out - there are great short sale deals too.
New construction is a different "kettle-of-fish". The pricing will not be as competitive as resales, but I'm sure you will be offered a lot of cash/upgrade incentives as the demand is not there. I'm not sure if they offer financing. Also keep in mind that in purchasing new construction there are other variables involved. e.g. How much sold out are they? Is the complex being maintained? Are they going to be there long term? Is there an active sales office at the location? You have to be more diligent and ask a lot of questions. Good Luck!