After the Frenzy
Federal tax credits were given for individuals purchasing homes in 2009, to enhance the buying behavior of people and to improve the home market. These credits accounted to around $6500 for move-up buyers and nearly $8000 for the first-time buyers. To become eligible for these credits, the contract for the purchase has to be signed on or before April 30 and closing must be around June 30. Read more…
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