Although it's usually a challenge to buy your first home, there are more state and local programs today that are targeted to help entry-level buyers.

The record lows in mortgage interest rates naturally drew buyers into the market, with many more jumping in when interest rates began to rise.

The fundamental demand from entry level buyers, dominated by the second-largest generation in U.S. history ? the children of the baby boom ? will drive home sales over the next 10 years because this generation is entering the prime (home-buying) years.

Considering most forecasts projected mortgage interest rates to gradually rise, this could keep the housing market from taking as much of a breather as we have anticipated.