..."We are seeing these low prices in the market because right now quite a few foreclosures are up for sale by the banks," said Delores Conway, director of the Casden Forecast at the USC Lusk Center for Real Estate. "People are buying the foreclosures, and many are investors who want vacation homes or see it as an investment to rent."
Investors continue to target foreclosed properties in some of the cheapest markets, including Lancaster and Palmdale, Conway said...
