1st Time Homebuyer Credit

The $8K credit the federal government enacted this year for first time homebuyers has had a significant impact on home sales for the year.
Even with inventory levels dwindling (20% fewer homes for sale than a year ago), the # of home sales are up 20%.
There are rumors that the government will extend the credit but I have heard nothing official to back-up this rumor. So, as of now, the credit will expire on 11/30.
For those of you wanting to use the credit, you'll need to close on your home by 11/30 which means you'll need to have a purchase agreement signed by 10/23 if at all possible.
Time is ticking, happy house-hunting!