With the recent plummet in home prices and the $8,000 tax credit, the youth is finding the means to purchase their starter home. Although home sales are showing very little signs of life, homes that are priced $200,000 and under are showing small signs of a comeback!

As the market starts to perk up, mortgage interest rates are beginning to rise and credit score requirements have risen to 620 from 580 by most FHA lenders. These new blockades that are being placed in the road to mortgage recovery, has real estate professionals concerned that the home sales will slow down once again.

In the meantime, the youth is digging deep and taking advantage of the many perks that are being offered by the real estate industry. There is definitely some evidence of a comeback and getting in on the deals could require some quick action. Buying your new home now as opposed to later, could mean the difference between saving thousands as opposed to hundreds.