I know there are tons of questions about the tax credit and hopefully you will find this informative:

First-time home buyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction. A tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.

This is a great time to buy and take advantage of the low interest rates in addition to the $8000.00 credit.

For more details about this program - CLICK HERE