Housing may never be this affordable again. Over the past few months, the market has created a unique opportunity for first-time home buyers. If you are renting, you should act now to take advantage. Here are a few reasons renters should take a serious look at buying now:

Homeownership is the best way to improve your lifestyle. The ability to choose your own home, be your own landlord and start saving for the future is a great opportunity. Maybe your family needs a yard, a garden, room to grow, new schools or just a fresh start.

Housing in Utah is affordable again. More than ever before, the market is offering great pricing and incentives. It is a buyer's market and this means you can find great deals on your new home. Take advantage of today's pricing before it's too late.

There are two great tax benefits available for first-time home buyers First, the new $8,000 first-time home buyer tax credit in only available for purchases made before Dec. 1, 2009. The amount will come as a refund when you file your 2008 or 2009 tax returns. In addition to this temporary benefit, each year homeowners can deduct their mortgage interest and property taxes. This keeps more money in your pocket right away and each year that you own your home.

Rental rates in Utah have been rising. In Salt Lake County, they increased 9.2 percent over the past year. Become your own landlord and stop flushing your money down the toilet.

There are currently a large number of homes on the market. The best options for homes and locations in each community always move first. Move quickly to make sure you are the one who gets the best option.