000 tax credit: Update on $15,000 tax credit
- 02/06/09 06:23 AM
National Association of REALTORS® update U.S. House passes stimulus package Last Wednesday, the United States House of Representatives passed on a largely partisan vote of 244-188, HR 1, the American Recovery and Reinvestment Act of 2009. The economic stimulus bill, as the legislation is more commonly known, contains a number of key provisions for REALTORS®:
* Restoration of the 2008 loan limits for FHA, Fannie Mae, and Freddie Mac to 125% of median home price up to a limit of $729,750 (still on the table) * Elimination of the repayment provision of the $7,500 first-time homebuyer tax credit (has (3 comments)