Sales in the second half of 2010 rebounded faster than CREA had previously expected. Many home buyers recognize that the still record low interest rates represent a once-in-a-lifetime opportunity. At the same time they also are conscious of the fact that rates will rise so they are taking their time to do their homework so they understand where they stand with higher mortgage rates and down payments etc.George Pahud, President of CREA said, "the housing market and Buyer psycology is different now than it was at the beginning of last year, so Buyers and Sellers would do well to consult their Realtors to understand local market trends." CREA expects that home sales activity will gain traction after dipping in the second quarter as the economic recovery and job growth continue, incomes grow and consumer confidence improves. Gregory Klump, CREA Chief Economist, forcasts "even though mortgage rates are expected to rise this year, they will still be within short reach of current levels and remain supportive of housing market activity. Strengthening economic fundamentals will keep the housing market in balance, which will keep home prices stable," said Klump.