How low can we go?

Real Estate interest rates are at historic lows, home prices are down substantially and very affordable. In some cases it's cheaper to have a mortgage payment and related costs than a rent payment. Sure Consumer confidence is low and people are worried about what's going to happen next with our economy or possibly loosing their jobs. for those consumers who are more stable in their jobs and have good credit it's a great time to make a home purchase. Hopefully, as we go forward more people will be able to take advantage of these opportunities in purchasing a home.  Rich Salla, GRI, ABR