Potential buyers shouldn’t delay on the purchase of a home. If you wait to long, you could lose out. First time home buyers can get tax credits worth $ 8000.00 and move up tax credits are worth $ 6500.00. These credits respectively expire on April 30, 2010. Buyers who qualify for this credit will get a dollar for dollar deduction in taxes or a cash payment if you didn’t pay enough in taxes to cover the credit. Here are other reasons to purchase now. 1.) The low mortgage rates. If the Federal Reserve stops buying mortgage backed securities, 30 years rates will most certainly rise to more than 6 percent. 2.) Rising prices. 30 percent of real estate markets are already experiencing price increases. In only 12 percent of the market are prices falling. Florida is still as beautiful as ever, and probably more reasonably priced than it has been in decades. Own a piece of Florida. Come enjoy the sunshine.