I can definitely see the housing market getting worse before it gets any better.  The IAS360 house price index (http://www.iasreo.com/ias360update.html) which analyzes down to the county level has identified some signs of strengthening in counties that are located in ground zero states of the housing crisis but these are the exception.  These exceptions are going to be key indicators for the housing market’s recovery.  

It's all turning around.  It will all get better.  It always does.  Will you win when it gets better or will you believe Fox News that the world has ended?

This article brought to you by the National Association of Realtors (NAR). If this article suggests now is a good time to buy, next year will be an even better time to buy. The best thing prospective home buyers can do right now is continue renting. Even better home prices and even lower interest rates will be available a year from now. What is the rush to go out and purchase a home now with the economy and employment situation worsening? The best strategy is to put off any major purchase for at least another year. This article is giving irresponsible advice. Obviously propaganda to get the economy moving again at the expense of the financial well being of individuals. Shame on you Newsweek!.

I'm a first time homebuyer that's getting ready to purchase my new Florida home within the upcoming week.  I will not be going through a bank since this purchase is owner financing.  Will I still be able to qualify for a $7,500 tax credit and how would I go about doing so?  I would love to lay down the extra money to lower my monthly payments.  Any help or suggestions are much appreciated. Thank you in advance.