If you are one of many looking for a great deal and waiting for the best foreclosure deal to come along, think again!  We have seen drastic reductions in the number of new foreclosures coming to the market.  This statistic probably won’t hit the market for at least another month, but in August, we have seen number of  foreclosures fall by half – that is a staggering number!  We were seeing about 40 new foreclosures a week in Howard and the surrounding counties, this past week ONLY 5 new foreclosure listings including Anne Arundel, Carroll, Howard, Montgomery and Baltimore counties.  That is incredibly low!  We are averaging between 20-40 foreclosures sales a week!  By October, I am predicting slim pickings on foreclosures.  Buy why you can and interest rates are at their lowest!