hr 2801: What is the Fate of the First Time Home Buyer Federal Tax Credit?
- 08/27/09 03:30 AM
Currently, one of the most driving forces in the Hemet - San Jacinto Valley Real Estate Market has been first time homebuyers scrambling to take advantage of the $8,000 tax credit (10% of Purchase Price - Max $8,000) that was created as a stimulus to the economy. In my opinion, the program is very definitely a success. Yes the IRS may be out a few dollars; but look at the trickle down economics that is stimulating local economies. Not only are houses selling quicker than any time during the current housing crises, but new homeowners are spending thousands of dollars fixing … (3 comments)
Currently, one of the most driving forces in the Hemet - San Jacinto Valley Real Estate Market has been first time homebuyers scrambling to take advantage of the $8,000 tax credit (10% of Purchase Price - Max $8,000) that was created as a stimulus to the economy.
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