New $8,000 Tax Credit from Uncle Sam

The Federal Government has passed The American Recovery and Reinvestment Act.
As a first-time homebuyer you may be eligible for a tax credit up to $8000 if you purchase a home during the 2009 tax year. Unlike the 2008 version of the First-Time Homebuyer Tax Credit, this does not have to be paid back if you stay in your home for 3 years after purchase.

If you we on the fence before it no longer pays to wait to buy a home.