The tax credit deadline is fast approaching, only 74 days left to the end. Optimists are hoping for an extension, but aren’t we all? It’s very uncertain whether the tax credit will be extended. Everyday we are confronted with the reality that the government is tapped dry; though this hasn’t stopped some home buyers from accomplishing their dream of owning a home. According to Trend MLS, the Philadelphia Housing Market for single family homes was up 1.4% in June and 4.4% in July over 2008 home sales. That’s definitely a reason for optimism, even if the tax credit does not get extended. Keep in mind that it’s still a buyer’s market. Interest rates are low, and FHA financing requires just 3.5% down. If your credit score is ultra low, I can’t say you’ll be getting a loan just yet but with credit repair, by next spring you may just be calling your friends and family over to celebrate your house warming!