How will the $8,000 first-time home buyers tax credit help?
Good question. There’s no telling for sure, but the National Association of Realtors projects that 300,000 more houses will sell during 2009 as a direct result of the new $8,000 credit. If you’re considering buying a home, there’s no better time. So get your real estate agent and your pre-approval and hop to home shopping. If you’ve owned a home previously, you’ll only get the tax credit if your last home purchase was 3 or more years ago. Also, keep in mind this tax credit is only good through the end of 2009. Happy house hunting!
