The title links to an article I read in The Wall Street Journal about some reasons that buying a home might not be a bad idea right now.
The affordability index is much better
There is a healthy inventory of very good homes to choose from
Owners are offering discounts or reductions off asking prices
Mortgage interest rates are at historic lows.
Federal Tax Credit
The House and the Senate agreed on a compromise $789 billion fiscal stimulus plan. It is expected to pass before the end of the week. The Obama administration estimates that 3.5 million jobs will be added or saved by the plan. The Senate version contained a provision for a $15,000 homebuyer tax credit, but that was dropped in the final version. Instead, the $7,500 first time homebuyer tax credit will no longer need to be repaid.
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