FHA homebuyers now have to come to the closing table with 3% down payment in order to get an FHA loan. Sellers can pay for some closing costs, but the buyers still have to provide their own 3% to purchase. As of January, 2009 this 3% changes to 3.5% so if you know buyers who have been sitting and thinking things will change, they will, but not necessarily to the buyers advantage.
Knowing the real estate market is vital for selling and buying today. Call me if you know someone considering buying or selling.