Do you think record-low mortgage rates, currently at 3.83 percent for a 30-year fixed loan, will stimulate the real estate market?

because nobody has down payments...

People need jobs to stimulate the reasl estate market,

Still have to qualify for the loan.

We built too many houses too far from public transportation. It will probably take a decade for our population to catch up with our housing stock and when they do it is likely many of the houses will be in the wrong place ....

IMO, I expect some outer suburbs of some major western cities, e.g., Las Vegas, Denver, and Phoenix to become ghost towns. These over priced tract homes which sold for between $250K and $750K are likely to go empty when their original buyers decide they are too big now that the family has grown up. .... too far from the restaurants, grocery stores, etc....particularly as Mom and Dad find it increasingly difficult to drive. ... and the kids have jobs in the city and don't want to commute for an hour every day. The "times they are a changing"

Prices need to fall to what they were in 2000, that would make them in line with wages, and people that would buy them need stable jobs. That will turn the housing market around.

We need someone who has the know how to careat jobs. And as far as I can see it is Romney. Paul has been in DC for 21 years and is a career politican.

Nothing will be stimulated until Obama is gone!

To a certain degree. It all depends where you live.

For one thing - affordability. Prices are way down from what they had been. Interest rates are really at historic lows. We've never seen mortgage rates this low. You have to go back to the Depression for that.

So, there is also a kind of a pent-up demand. People haven't been buying houses for five years. So if there are cheap mortgages, cheap housing prices, people who are looking, that's a good combination. And also there's another thing: rents are very high these days and going up. If you've gone out to rent an apartment you know that maybe buying a house is a better option. And finally, we haven't really had new houses being built in any significant numbers for years now, since 2006. Some have been vacant so long they're being plowed.

Something else. Finally, sellers have to really capitulate. They have to admit that actually prices are down by about a third from what they used to be and once they accept the fact that the price is lower and put the sign out there at a reasonable price, buyers do start to show up. We're not going back to 2004.

Not at all! Because banks are still not lending! Even people with good credit have had a few bumps since the economy crashed. Even if your credit score is high enough the banks still go out of there way to say no! I have a 650 credit score and I have been turned down for mortgage loans 6 times in the last 15 months for ticky tack reasons! Even if rates were 1% it would not help!

BANKS NO LONGER WANT TO LEND MONEY FOR HOMES!

http://finance.yahoo.com/blog...

Not until the Unemployment rate goes down, and people start getting jobs that are stable, and that can support buying a house.

As it is now even those with a good job are not sure they will have it in a year.

Record low Mortgage rates haven't brought the market back yet so what makes you think they will now? Until the underlying problems with the economy are fixed, the housing market will continue to suffer. As long as unemployment remains high there is little to no chance of a recovery in the Housing Market.