I just received this newsletter from Trulia and found it very interesting. See http://www.trulia.com/newsletter
This is very valuable information that buyers and sellers should be aware of. In most areas the foreclosure properties are MUCH lower in price than regular listings. Seems to me that regular listings are going to still have to be priced much lower to equal out to the foreclosure prices. Either that or sellers should expect to sit on their properties for months without a sale or take them off the market until the foreclosure stock decreases.
I would be interested in knowing your thoughts as Real Estate professionals.