One cool thing about buying a house this year is the $8,000 Tax Credit we’ll be getting back from the government thanks to the American Recovery & Reinvestment Act.   This was a great incentive for us to make the leap and purchase a house during a recession, and on top of great interest rates you really can’t go wrong.   If you’re interested in taking advantage, you have to settle on your new home prior to Nov. 30th.  

I have heard rumors (probably just that) the credit may increase to $15,000.  Now that would be a seriously enticing credit!

Here is the official info: http://www.federalhousingtaxcredit.com/2009/faq.php#1