Will They Still Buy With No Tax Credit??

As we all have heard for weeks now, the first time buyers tax credit expired today. The big question on every agents mind is, will they still buy?, will the market slow down? I think the market will slow down for a very short time. It won't take buyers long to figure out that they can't rent a home in our area for what their payment would be on a purchase. With FHA still at 3.5% down and rates around 5%, it's still a GREAT time to buy. Tax credit or No tax credit, Don't wait, still look for that deal and BUY !!