Appreciation will vary by area, so it's important to look at local pricing trends. Maryland data is showing that due to the moratorium on foreclosures, the number of available properties of this type is decreasing. Due to supply and demand, this may cause prices to increase. Interestingly enough, buying is currently cheaper than renting -- especially under the $400,000 price range -- often 40% less per month. There's a local loan program called Homepath that may help some buyers (call me for more information). TOM'S TIP: Don't shy away from buying in Baltimore City because of the high property taxes. For example, if you purchase a foreclosure, you can get your taxes reassessed based on the new value of the home. You have 60 days to do this and 5-10 of my clients have already successfully done this. Nationally, there are indications values will begin to