Is It Better To Wait Until After The Tax Credit?

Some are arguing it is because there is a lot of competition out there.  I read yesterday from the website that sellers who sell after May 1st will get less money.  It is something to think about but in the end no one knows.  What we do know is that it isn’t timing the market it is time in the market. 

I personally would rather have $8,000 of free money in my pocket to do with it what I want and finance a higher amount with a low interest rate.  We don’t know where rates will be after the tax credit expires either. 

Again, home affordability is at a high, interest rates are at a low, and you can get $8,000. If I am thinking of buying then now is the time.