market right now is good because of the rates being very low as well as the credit requirements 
and the percentage for the upfront investment
. Not to mention that the government right now is offering $8,000 for first time home buyers and $6,500 for recent home owners. When I say recent I mean within 3 years of today, so if you had a home in the past but more than 3 years, it will qualify you as a first time home buyer. Many people really dont know this information making them feel that they wouldnt qualify for the first time home buyers credit so they get discouraged to buy a home and wait longer. The only thing is that uncle sam is only giving us until June 30th of this year to close in on your home if not you dont get the tax credit.
It doesnt just stop there though. After that experation date on the tax credit, rates and many other requisites that the FHA
had before will change. Such as, instead of a 3.5% down payment the percentage will go up to 5% down minimum with only 3% seller contribution instead of the 6% that it was this year and the past. Also, the interests will be going up to 6-7%! Credit scores
will be required to be above a 680 fico score instead of the 620 fico score it has been in the current past. So now would be the best time to purchase a home regardless if you qualify for a tax credit or not. Considering of course that you want a low interest and a low down payment towards your home investment. Maybe you'll all come to your senses and come out of the shadows to ask for more information on a home or a mortgage. Otherwise you will get left out in the dark and with a higher interest and other things that really might not suite your needs.
