It has been tough going in the housing market lately. We're stuck in a cycle where many homeowners can't sell their current home and then in turn buy a new home. And on top of that, securing a mortgage has gotten harder for many of us.

It's anybody's guess on where the housing market goes from here, but there are a few positives in the current market for buyers -- interest rates remain attractive, there's plenty of homes on the market, and prices continue to drop.

Bob Walters, chief economist at Quicken Loans, tells bankrate.com that today's housing woes present a historic opening for millions of homebuyers.

You can read more about what Walters says in the article on bankrate.com.