Is It the Right Time to Buy a Home?

Are you a first time homebuyer who feels like you need to buy a home now or you might miss out on the opportunity to take advantage of tax credits and low-interest loans? Before you rush into a purchase that you can't afford, watch this video for advice from Carmen Wong Ulrich and find out if you're financially ready to take the plunge.



If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at

Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.

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