Just in the last few days I have seen the banks dramtically lower the prices of some of the bank owned properties.  This may have to do with the the $200 billion that the federal government has made availableto the banks. One home here in Anthem on the golf course owned by a bank took a $175,000 reduction which reduced it to $584,900.  The home is 4300 square feet.  I showed it yesterday and showed another one today the same home on a great lot for $509,000.  These banks are ready to sell these home.  Too many non performing assest does not make for good business.  Now is the time for buyers to make the move.