"This is it" No other announcements have been made by Washinton DC on this incentive. If your even thinking of making this first time purchase. Now is the time. We expect September, October and November to spike in first time buyer sales. Pick up the phone consult a Realtor. Get qualified and start shopping. Take advantage of this once in a lifetime buying opportunity.

Now is the time to move to the sunshine state : )

Yes, but they are very local in nature (as in sponsored by a city, county or other entity). Consult a Realtor in your area and maybe call the local real estate association and ask.

Thanks everyone for your imput!!! I should have worded the question differently--You are correct! :) Let's hope there is a big push for buying a home in the next 3 months!! Good luck to all of you agents out there!!

Oh, well that certainly changes the direction of the question.
My market is most likely different than your market but where I am there has been a rush to buy the houses on the lower end of the market and the deadline for the tax credit is definitely part of the reason since most of these people are first time homebuyers.
It will be interesting to see what happens after 11/30.

Based on your comment, it could be an idea to list such property because some buyers will be driven by those UP TO $8,000.

It does not seem that another incentive will show up in the near time.

Your question looks like a buyer question and it was answered like that.

I am going to be putting a home on the market that is geared towards a first time buyer--was not sure if these LAST 3 months would cause a buyer frenzy like CASH for CLUNKERS?? That is why I asked..

The questions you should be asking are:
Do I want this house?
Do I need this house?
Can I afford this house?
Is this house worth the investment of time and money?
Will this house provide safe and comfortable shelter?
This is a buyers market and that in itself is an incentive to buy if you can afford it. If you honestly need $8000 of tax payers money to buy a house, I would respectfully say you are not ready.

No governmental incentives, but interest rates are low and this is the best real estate market for buyer's since the 1980's. If you feel comfortable keeping whatever you buy for 5+ years and a rent vs buy analysis leans in favor of buying, then perhaps now is the time. If not, then perhaps next year. I do not see this market changing much for at least another year or so, but even if it does, if YOU are not ready, then nothing else really matters.

philip

Aren't low prices not enough incentive?
Would you get a 150k+ debt just because you will get UP TO $8,000 cash back?