What I Bought With My $8,000 Tax Credit.
CNN Money, Seven homeowners stepped up their house-hunting to take advantage ot the homebuyer tax credit. Read their stories to see how they took advantage of a great opportunity. >>Read More



The Lowdown on Home-Buyer Tax Credits
Wall Street Journal, November 12, 2009 - Last week, President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain repeat home buyers. The package, which the government estimates will cost a total of $11 billion, is intended to help spur housing sales, a critical part of the economy.. >>Read More



Housing Tax Credit Lives On
Milwaukee (JSOnline) November 5, 2009 - Hoping to help sustain the housing market until the economy has more time to recover, Congress has extended a tax credit for first-time homebuyers and added a new credit for people who already own a home but are looking to move.

The real estate industry hailed the moves, which were approved by the House Thursday after the Senate's OK on Wednesday, as necessary steps to bolster a market that over the last year has been made up mostly of first-time buyers purchasing starter homes and taking advantage of the stimulus tax credit of up to $8,000. >>Read More

Federal Tax Credit is Working, Housing Industry Group Says
MADISON (WSJ) -- Housing industry groups said the federal tax credit for first-time home buyers is working and should be extended to help firm up selling prices in a national housing market recovery that remains fragile.

"(An extension) is very important in the sense that we are very close to getting a self-sustaining housing market recovery, but we're not there yet," said Lawrence Yun, chief economist for the National Association of Realtors. "Right now prices are mostly still declining at a single-digit rate. We just need that follow-through with the tax credit to push home values above the zero line."
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