Real estate professionals report that first-time home buyers are flooding the sales market, pressed to finalize a deal before the federal government's $8,000 tax credit offer expires on November 30, 2009.
     Because mortgage approvals, residential inspections, and other steps in the buying process typically take about two months, buyers hoping to take advantage of the incentive will need to have a contract by the end of September.
     The new flurry of activity now as house-hunters try to meet the deadline, is triggering bidding wars and energizing the property market, which historically is slow at the end of summer. 
      More home sellers are getting their full asking price.  As a result of the shrinking inventory in the affordable prices for first time homebuyers. 

     View our Tax Credit countdown calendar at 2009 First Time Home Buyer Tax Credit .