What's Hot on HousingWatch This Week

WIth attractive financing on foreclosed homes, newly reduced prices by owners across the country, and a $150 million mansion hitting the market, it might just be the right time for you to buy! See what else was hot on HousingWatch this week.

1.Fannie Mae to Sell Foreclosed Homes With Subprime Lending Terms
Low-down-payment mortgage deals aren't necessarily a thing of the past: if you're willing to put a little sweat equity into an "as-is" foreclosed home, you might be able to score a bargain. Read more.

2. Sellers Cut Prices on 50% of Homes
With stats showing a spike in list price reductions, you'd think buyers would be moving in for the proverbial kill right now. So why isn't housing inventory moving more quickly? Read more.