By Cameron Huddleston, Former Online Editor October 28, 2009 If you're thinking about buying a home, you probably shouldn't hold out hope that prices will fall further. That's because home prices, on average, have been on the rise. Home prices increased 1% in August from the previous month (the third month in a row prices increased), according to the Standard & Poor's/Case-Shiller home price index report released October 27.Plus, first-time home buyers should take advantage of valuable tax credit while it lasts. The first-time home buyer's tax credit is worth 10% of a home's purchase price, up to a maximum of $8,000. As it stands now, you must close on your purchase by November 30 to lock in the credit. But Kiplinger's expects that lawmakers will extend the credit for a few months and clarify that first-time purchasers won't have to complete the sale by the expiration date to get the tax credit. See Five Reasons to Buy a Home Now for more information on why conditions are great for getting a bargain.