Currently viewing the tag: "$8000 tax credit"
President Obama’s $8,000 housing credit for first-time homebuyers was extended until next spring. It’s something to be thankful for since it was to end Nov. 30.
Unemployment and foreclosures high, yet house sales up, owning home like renting
By Teneshia LaFaye On July 28, 2009 · 137075 Commentshttp%3A%2F%2Fmytensense.com%2F2009%2F07%2Funemployment-and-foreclosures-high-yet-house-sales-up-owning-home-like-renting%2FUnemployment+and+foreclosures+high%2C+yet+house+sales+up%2C+owning+home+like+renting2009-07-28+16%3A31%3A46Teneshia+LaFayehttp%3A%2F%2Fmytensense.com%2F%3Fp%3D1370
Although unemployment and foreclosures are high, house sales are up because first-time homebuyers are taking advantage of $8,000 tax credit and more incentives.
Now that we’re in a recession, home prices are down and interest rates are at their lowest in nearly a half century. Plus, there are first-time buyer incentives, such as a $8,000 tax credit toward a home purchase.
I’ve tested the waters, and I’ve got a very low fixed interest rate and a great price to build my first house on a prime lot in a highly-valued Jacksonville community.
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