pre-foreclosure investing

Is the market still ok fore real estates? especially pre-foreclosure homes?
I am new at investing so i need some help to get started. and to make sure if its worth jumping in right now since it has been dying down.
I wouldn’t pay too much attention to NATIONAL media reports on real estate which report a cooling off period recently. Look at your area. Are area businesses doing well? Are they hiring and investing or are they laying off? That will tell you if people are likely to be moving into the area, and therefore, potentially buying a home.
