Greenville, NC - The housing market has slowly begun rebounding over the past few months, thanks in part to an $8,000 tax credit.  But the deadline for using that credit expires at the end of November.  So, should it be extended?

Derek and Megan Kindelspire rent a town home in Winterville, NC, but they'd like to move up. They're pleased with the current tax credits in place and have a Realtor helping them via REMAX, but they're still just on the fence. 

"Now, we're kind of getting in the range of where we're maybe looking for a house this year or in the next couple of years," Derek Kindelspire said.  "So we're getting a lot of different ranges for the homes out here."

As first-time homebuyers, the Kindelspires qualify for the $8,000 credit. And with two weekends of the Parade of Homes this year, realtors are seeing more suitors.

"I think it's stimulated them to come," RE/MAX realtor Deryck Wilson said.  "And at first, I think people were afraid, but I think they're realizing now that it's not something they have to pay back.  It is a credit to them and we're hoping that will continue to be."

Homebuyers know the credit expires at the end of November. And they'd like to see President Obama extend it, so they won't have to rush their potential purchase and so they can feel confident in their search.

"It gives you that chance," Kindelspire said.  "You're like, 'well, maybe we can go out and look for a home.' And it gets us excited about going out.  This is a good opportunity to get out and see all the houses that are actually out there and how much does it really cost to get into a home."

"If we want to continue the rapid growth that's been shown lately, I think that's going to be a necessity," Daniels said. And that's why both realtors and homebuyers are hope to see bigger window of opportunity.

The White House's economic team is looking at the first-time home buyer credit's impact and will make a recommendation to President Obama on whether to extend it later this week.