8 Major Real Estate Markdowns

For many homeowners, the real estate market in the past year has been a nightmare. Foreclosures in the first quarter of 2009 jumped 23% from last year, and home values have plummeted nationwide.

But the battered housing market has been a blessing in disguise for home buyers, making eye-popping homes affordable to people who previously couldn’t afford them. Check out these eight homes marked down significantly from their previous sale prices.

By Louis Jones