First time buyers have until December 1 but will rates stay low?

The $8000 tax credit is good for first time buyers who buy a home between now and December 1. A first time buyer is anyone who has never owned a home or who has not owned a primary residence in the last 36 months. First time buyers are getting some great deals and with interest rates hovering in the low 5's on a 30YR note, don't delay.

On Meet The Press this morning there was mention that for the first time quite a number of months economic indicators had went from all negative to mixed indicators from the various sectors of the economy. Have housing market prices hit bottom? Wish I had that crystal ball to say with 100% certainty. What I do know is there has never been a better time in recent history to buy a home. Have one you need to sell? No problem as long as you understand you are most likely not going to get what you want for it and understand going in the objective will be to make it up on the home you buy.