The economic crisis has caused a lot of people to lose their jobs, and along with it their homes. The country saw the decline in the real estate market. Since last year, there has been a noticeable decline in prices of homes everywhere in the country. On the other hand, foreclosures continue to rise as home owners default in their home loans. In Florida, where I live, I see beautiful homes which are subject of foreclosure sales. As I browse through house listings online, I see that the situation's the same everywhere in the country. Those interested in living near the coastal area might also be interested in Outer banks foreclosures. Beautiful homes overlooking the waters are being sold at low prices.