New Home for the Holidays?

As the Holidays fast approach us the furthest thing from most people’s minds is buying a new home. With Thanksgiving just days away our thoughts turn to family & friends. However you might want to think about this. I have been asked a lot lately about home prices and where the market is at and what do I suggest.
My thinking is that we have bottomed out on pricing in the Lakeland Area and that after the 1st of the year we could easily see an increase in prices. With this thought in mind coupled with the extension of not only the 1st time home buyers tax credit ($8000) but the addition of another tax credit for people who are not 1st timers ($6500) is there really a reason to wait? If you made an offer on a property before year end and closed shortly thereafter you could take the tax advantage easily on your 2009 Tax Return. If you are remotely considering a new home you might want to give it some serious thought.