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As the chart on the left indicates, interest rates are expected to edge up slightly in 2011, but should still remain relatively low, with 30-year fixed rates remaining in the low 5.0% range.

Total housing inventory dipped slightly in 2010, as did the number of weeks the home remained on the market.

Home prices are expected to bottom-out in 2011, which means that if you are thinking of purchasing a home, you need to take action NOW! With low interest rates and a strong inventory, 2011 is shaping up to be a buyers market.