Here is a very informative document from the National Association of Realtors regarding the First Time Homebuyers $7,500 Tax Credit. You can visit the NAR website at http://www.realtor.org/gapublic.nsf/files/hbtaxcreditqa2008.pdf/$FILE/hbtaxcreditqa2008.pdf
First time homebuyers have never had it so good! Interest rates remain historically very low, loans are plentiful for buyers with good credit and stable income, and home prices are lower now on average than we've seen in 6 or 7 years. Looking back in a few years, those buyers who took advantage of this credit and bought in this market are going to be very pleased they did!
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