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Economic Recovery Act of 2008

August 12, 2008

This article just came across my desktop from RISMEDIA, a real estate news service:

 

“Buying smart in today’s market got a little easier recently following the signing of the Housing and Economic Recovery Act of 2008 by President Bush. There are significant benefits aimed at helping buyers, such as a repayable first-time home-buyer tax credit. First-time buyers are important to the health of the housing economy because their home purchases help to stimulate sales up the price points. Through the home-buyer tax credit, buyers who are purchasing for the first time or who haven’t owned a property in the last three years can now qualify for a tax credit equal to 10% of their home purchase price, up to $7,500.”   To read more, click here: http://rismedia.com/wp/2008-08-11/housing-bill-creates-great-environment-for-first-time-buyers-says-industry-leader/

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