Should I wait? Pay $20k more to get $8k credit?

Finally have enough money to make down payment soon but recently the price of desirable houses keep going up.

If ppl still keep buying this level, it is crazy again. To get the $8000 credit, ppl pay $20k more for the house. Just like Car for Clunker, ppl might save $2k but dealers don't cut deals now, which means it doesn't really save buyers much --just get the feeling good part.

Guess I will wait and see a while...