If you missed out on the $8,000 federal tax credit for first-time home buyers, which is set to expire after Nov. 30, don’t despair.
One of two things will probably happen: Congress will extend the credit into next year or, if not, home prices will fall as demand falls off, perhaps by as much as $8,000.
Read more:
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/10/27/BUGQ1AAV4H.DTL#ixzz0V9wjyL8k
