According to a recent survey by Royal LePage, prices are beginning to stabilize in the entry level housing market. For example, some Calgary neighborhoods in the south have shown only minimal price reductions. Detached bungalows in south Calgary dropped 3.1% in 2008 to $352,800. In southwest Calgary, bungalows have dropped only 1.9% to $376,800. This is making it easier for entry level buyers to enter the housing market. Real Pharneuf, a Royal LePage Broker says that this is the result of lower interest rates which are increasing the confidence of entry-level buyers in the market. He further states that entry-level houses were the best sellers of march and that he was seeing increased interest of investors in the entry-level housing market.