Home Sales Keep Climbing 
The housing market is finally emerging from the three-year crisis
that pushed the nation into the longest recession since the Great
Depression.
For the first time in five years, sales of previously occupied homes
rose for the third consecutive month in June while foreclosure sales
and the glut of homes on the market
both declined.
Full Article
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No Plans to Extend the $8000
First Time Buyer Tax Credit
As it now stands, the $8,000 tax credit is available only to first time home buyers who purchase their home before November 30, 2009. While there are a few bills in Congress proposing to extend the deadline, it is difficult to tell whether these will pass, or which one. (Most of the bills only extend the deadline to January 1, 2010.) Just something to consider if you're thinking about buying within the next 6 months...
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With a 3.5% down payment, or $8750 on a $250,000 home, a buyer's monthly mortgage payments would approximate $1700/month or less (includes taxes). This is based on a 5.25% interest rate and good buyer credit rating. The following is a list of real estate priced $250,000 and below. It just might be cheaper than your rent!
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