Wall Street Journal says: BUY NOW!!
Here are the major points of a post on Market Watch (part of the Wall Street Journal digital network)
Tips for buyers Interested in buying a home and claiming the home-buyer tax credit? Below are five tips:
1. Don’t procrastinate
Get searching now. Getting an early start will give you a better chance of finding the right house before the credit deadline.
2. Don’t count on another extension
The credit won’t be available forever. If you want to take advantage, be sure to make that spring deadline.
3. Mind the interest rates
Mortgage interest rates are low right now, but will likely rise next year.
4. Communicate with your lender
Throughout the process, make sure you’re communicating with your lender regularly; if there’s a piece of documentation you’re asked for, get it turned in as soon as possible.
5. Don’t take shortcuts
Don’t forgo any of the steps you would normally take just to make the tax-credit deadline. Make sure the house is a good fit for your needs and get a home inspection.