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Foreclosed condos and homes are still being sold at prices higher than what the market can afford. Analysts stated that the right price is the key to selling.

Foreclosure listings have become popular among all-cash buyers, majority of whom are investors. However, regular homebuyers continue to stay out of the market.

Foreclosure homes for sale are expected to get tough competition from new homes this coming spring. Realtors expect demand for new houses to pick up in spring.