Forney Home Values (sales, foreclosure, house)

[walty_14]

I've been watching the home values in Forney for some time and I'm curious to get some perspective on where they're going. When I looked at the MLS listings, it seemed like 1/3 of the homes that were listed that were built in the last 5 years and under $150K were in foreclosure. Can anybody who lives out there confirm whether this has affected values? It seems many of the builders are pulling out.

Can anyone confirm or contradict this?

[loves2read]

my son's best friend in hs and someone he lived with after they graduated from college married and bought house in forney about 3 years ago-- he and his wife have gone through bankruptcy and probably foreclosure ---think just a lot of people who could not afford to buy a house really got one of the "special deals" due to cheap land/construction and when rates when up they got screwed...
although this is just my trend of thought, I would think that more people buying in that area would be pretty unsophisticated and might be snookered by unscrupulous sales people into buying house that really was overpriced for quality and when reality set in, someone said gosh--this 200K house is really only worth 130--ergo----falling prices...but that is just my opinion--