The Washington Post - "Foreclosure Bargain Hunters Find Their Quarry Elusive" (7-14-07)

"Bargain-hungry house hunters have turned their attention to the growing pool of foreclosures on the region's market. But the sweet deals, if they find them, come with plenty of challenges, in part because many buyers have unrealistic expectations about what it takes to buy a house owned by a lender. Some potential buyers don't find the rock-bottom prices they expect. Others can't get the banks to promptly respond to offers. Many give up before they get that far because they're overwhelmed by the repairs some homes require."

Journal Sentinel Online - "Housing sales may be worse than data show" (7-14-07)

"Here's a scary thought about the housing market: Things may be far worse than what's already being revealed by the troubling government and industry statistics. At issue is what goes into sales price data and what does not. When those numbers are crunched, many of the incentives that sellers are using to lure buyers - including cash rebates - aren't being included. That suggests prices may be falling faster in many markets than is now being reported."