The Real Estate Encyclopedia
Housing tax credit downsized from $15K to $8K
Category - Mortgage Questions - Tax Information FAQ's


The current version of the economic stimulus contains a tax credit of up to $8,000 for first-time homebuyers only, though it does not have to be paid back if the house is owned for three years or more. The amount is far less than the $15,000 initially expected, and analysts say it will provide only a modest boost to the U.S. housing market.

WASHINGTON Feb. 13, 2009

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Mortgage Questions - Tax Information FAQ's
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