From Realtor.org:
Potential home buyers who delay have a lot
to lose.
First-time home buyer and move-up tax
credits worth $8,000 and $6,500, respectively, expire April 30. Buyers
who qualify get a dollar-for-dollar reduction in taxes or a cash payment
if they don’t pay enough taxes to cover the credit.
Other factors that should spur buyers:
Low mortgage rates. If the Federal Reserve stops buying
mortgage-backed securities at the end of March, 30-year rates will
almost certainly rise to more than 6 percent.
Rising prices. About 30 percent of markets are already experiencing price
increases. Prices are falling in 12 percent of markets, says Fiserv
(but that only helps if you want to live there).
Source: Money Magazine, Beth Braverman
(03/02/2010)
If you're ready to get started, email me at mike@mikedavishomes.com !
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