The tax credit now made available is a great reward or incentive for those who buy a home in the calendar year of 2009.  With prices extremely low, interest rates extremely low, and a large inventory to choose from now IS the time to buy.

Final score: $8,000 for homebuyers; CNNMoney.com

There’s a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama’s signature on Tuesday. First-time buyers can claim a credit worth $8,000 - or 10% of the home’s value, whichever is less - on their 2008 or 2009 taxes. A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of withholding they paid during the year plus anything extra they had to pony up when they filed their returns - was less than that amount. But there has been a lot of confusion over this provision.