It's harsh but true: You can benefit from others' misfortune. The rise in foreclosures means that those in the market to buy a home can find great deals on houses that have been reclaimed by lenders.

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Jeanna Reeves, a real-estate agent with ReMax United in Raleigh, said the high interest and high number of foreclosed homes in the Triangle prompted her to offer a monthly bus tour of foreclosed homes ...

It’s hard out there for home buyers, with inventory shrinking, prices rising and 30-year mortgage rates at 21-year highs. Competition for turnkey homes is especially stiff, pointing a swath of buyers ...