According to a news article at http://money.cnn.com, home prices fell worse than ever in 20 cities around the US in February. On top of that, foreclosures went up 112 percent in the first quarter. I live in a rural area where empty houses aren’t really uncommon, but it’s pretty strange to imagine them in places like Phoenix, LA and Atlanta. As supply continues to far outstrip demand, this is going to be the new reality for a while. When houses are no longer wise financial investments, where’s the incentive to not foreclose, never mind buy?