7. Jump on the 'first-time home buyer bandwagon'
This is a good time to buy if you are a first-time home buyer (you cannot have owned a home in the last three years).
Rates have rarely been this low. Prices are down by approximately 20 percent nationally. And, the government has kicked in $8,000, in the form of a refundable tax credit (subject to some restrictions). The credit works to reduce your tax bill dollar for dollar. If your tax bill is less than the credit you could get a check in the mail for the difference.
Find full details about the first-time home buyer tax credit here.