Cheap rates and foreclosure sales lure house hunters.

Read this article in Newsweek regarding buyers and the current market. I think it's right-on when it describes the psychology of current buyers. Even though there are plenty of skeptics out there, the bottom lines is that this is a time of great opportunities and buyers continue to have the upper hand. Many people who were priced out of the market in the past can now take advantage of lower prices, surplus inventory and great rates.