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The 10 Most Heavily Discounted Housing Markets

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As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers. For some home sellers, that might mean chipping in for closing costs; others might try to sweeten the dealby handing out perks, like a free parking spot. But for many homeowners, the most efficient way to sell a home in a depressed market is to simply drop the listing price. Such price reductions are welcome news for would-be buyers and represent--along with low mortgage rates and the federal first-time home buyer tax credit--a compelling incentive to jump into the market. But while the housing collapse has been a national event, not all markets have been hit with equal force.

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