The new regulations helping first time home buyers use their tax credits to purchase should give a breakthrogh for buyers in the Welches, Rhododendron and Brightwood areas. FHA loans require 3.5% for a downpayment. Lenders can tap the $8,000 tax credit to help with this downpayment. Lenders can get paid direct from the IRS when the buyer files and uses this credit! This should take the stall out from many buyers sitting on the fence without the actual cash to move forward. See the letter from HUD which you can down load here.