Now is the best time ever to purchase a home. The interest rate is around 5% and the goverment is giving away up to 10% of the purchase price back to buyers. There is a catch though. You have to be a first time home buyer. You have to buy before the end of this year. The 10% maxes out at 80,000. so the most you can get back is 8,000. Why would any one not take advantage of this opportunity. I have had clients get their money back in less than one month. They filed an amended tax return for last year.
So if you are renting or living with your folks what are you waiting for GO BUY A HOUSE