I know this is definitely a self promoting blog post but I have to say that if you live in the Raleigh area (depends on where you live of course), you should buy a home over renting this year.
With an $8,000 tax credit (all of it back in taxes not off of taxable income), great rates, and it being a buyer's market you should definitely consider it if you are paying the average rent in this area.

In case you did not know all of the reasons to buy in the Triangle NC area check out our rankings in 2008:
2008 Rankings
Named Best Large City for Business (Raleigh-Cary)
NewGeography.com, December 2008
Named #2 Metro Entering Slow Period With Most Positive Momentum (Raleigh, NC)
Bizjournals, November 2008
Named #1 Most Political City (Raleigh, NC)
Men's Health, October 2008
Named #2 Best City to Live, Work and Play (Raleigh, NC)
Kiplinger's, July 2008
Named #2 State with the Best Business Climate (North Carolina)
Development Counsellors International, July 2008
Named #4 Best State for Business (North Carolina)
Forbes.com, July 2008
Named #10 U.S. City with the Largest Numerical Increase (Raleigh, NC)
U.S. Census Bureau, July 2008
Named #1 Best Place to Live in the U.S. (Raleigh, NC)
msnbc.com, June 2008
Named #8 Best City for Recent College Grads (Raleigh-Durham, NC)
Forbes.com, June 2008
Named #1 Best Place for Young Adults (Raleigh, NC)
Bizjournals, May 2008
Named Top 15 Place for Cultured Retirement (Raleigh, NC)
Smithsonian.com, April 2008
Named #5 Recession-Proof City (Raleigh, NC)
Forbes.com, April 2008
Named #1 Best Place for Business and Careers (Raleigh, NC)
Forbes.com, March 2008
Named #3 Most Romantic City for Baby Boomers (Raleigh-Durham-Chapel Hill, NC)
Sperling's BestPlaces, March 2008
Named #2 Best City for Bargain House-Hunters (Raleigh, NC)
Forbes.com, February 2008
Named The Best American City for Singles (Raleigh, NC)
Every Day with Rachael Ray, January 2008
Named #9 Best City for Jobs (Raleigh, NC)
Forbes.com, January 2008
Named Top Five Strongest Real Estate Market (Raleigh-Cary, NC)
Veros.com, January 2008
Named #1 Healthiest City for Men (Raleigh, NC)
Men's Health, January 2008
I am happy to help if you have any questions! If you do not live in the area I can still help!
Just another public announcement, happy to serve! :)
George
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