All the realtors seem to agree. No listings at that price at THIS time.
We now have 2 1/2 million foreclosures in the pipeline. We have 7 million foreclosures coming in the next 1-3 years. When those hit you should find prices dropping. Remember, we have big unemployment, we have poor loan availability. FHA is finding bottom line problems, low reserves, high defaults= less loans in the not to distant future. I bet if you wait intil 2011, maybe 2012 you will find much better prices. PLUS by then you should have even more saved for the purpose.
Be patient, be smart, wait, watch, and prepare. Save a great downpayment, live like the poorest person you know. Save all the money you can. Try shopping at goodwill. Eat much cheaper foods, and cut out any unnecessary expenses like coffe you do nor brew at home. Then in awhile you will be sitting pretty.