But with average home prices close to 200k, even paying as little as 4% extra (or allowing a deal to go through without a 4% seller subsidy) will wipe out that $8,000. … $8,000 is equivalent to $40,000 of house value, if you figure a 20% down payment….Technically you don’t have to own the house by April 30, you just need to be under contract.

And if he walks, he thinks he’ll be able to rebuild his credit faster than the house would regain the value of his mortgage. … The increased demand helped push prices to record highs….It’s a question being debated in many households nationwide as the housing crunch continues

The dramatic rise in house prices over the last ten years means that living space is at a premium, particularly in urban areas….

While real estate groups and some economists say the credit has helped stabilize the housing market, critics say it is too costly a subsidy when low interest rates a … nd home prices are incentives enough for most….

“This credit has brought new families into the housing market and contributed to three consecutive months of rising home prices nationwide,” Treasury Secretary Timothy G…

Nationwide saw another rise in house prices, making it the fourth month in a row….

Sales, lending and house prices have all risen in recent months, although they had been at very low levels as a result of the credit crunch….

For those interested in taking advantage of the program, this means a house purchase must be completed by that date in order to receive the credit. ..

… the falling house prices, the credit crisis, and services) of 69…