Is The Foreclosure Market Changing?

Are the days of the dirty, cheap foreclosure properties going by the wayside? A trend I have been seeing in our market is that banks are starting to do their own rehabs. They are hiring subcontractors to clean, replace carpet, paint and appliances. They are starting to price homes more in line with the mainstream. This is a problem for house flippers but I think it is having a positive affect on the values of the subdivisions. This also gives them a much larger buyer pool.