First-timers should buy before credit expires

Ronald Phipps, first vice president of the National Association of Realtors, says that now may the best time for potential first-time homebuyers to make their purchases, since the $8,000 tax credit is set to expire November 30. In a Wall Street Journal video, Phipps tells first-time buyers that the tax credit, the number of homes on the market and low mortgage rates have created great opportunities for buyers.