house shopping

We are in the process of trying to buy a bigger house. We got outbid on one that we really liked. The people went eight thousand above asking price and we were only willing to go as high as asking price. It was a foreclosure that had been on the market since last July so we decided we would put in a low offer and see but the bank denied it. A week later they lowered the asking price $20,000 and a ton of people started putting in offers. I don't understand why no one was putting in offers when the house was listed at $130,000 but once the price got lowered they are willing to buy at the same price they could of gotten it at before. People are stupid sometimes. Oh well, there is one that we are hoping to look at today that is much bigger. It is in a different neighborhood that is really nice but not as nice. It looks like we may be able to get it for the same price we were willing to buy the other one for.