Time running out for home buyers credit

August 28, 2009 1:56:59 PM PDT
Time is running out for first time home buyers to cash in on the government's tax credit.It's good for 10 percent of the purchase price and could mean up to an 8-thousand dollar credit for some homebuyers.

The program ends on December 1. But when you factor in the time to get the home under contract and close on the mortgage. The window of opportunity is not as big as you might think.