Tag Archives: Skyline at Lindbergh

Stimulating News for Home Buyers

So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists?
Originally, a $15,000 stimulus credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a $19 billion price tag. Congress reduced it to $8000. But you still are eligible if you have not owned a home within the past three years.
Congress missed a great opportunity …

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