Tax Credit
Among the Top 10 U.S. metro housing markets in full year 2006 (according to number of residential building permits issued), only two cities recorded year-over-year percentage increases - Houston (+14.7%) and Los Angeles (+8.7%). Read More >>>
What exactly does “monetizing” the tax credit mean? The term “monetization” is defined as the act of converting something into money. In the context of the first time home buyer tax credit, monetization means to treat the payment of the credit as if it was cash and allow its use as a payment for certain closing and downpayment expenses. Read More >>>
The National Association of Home Builders (NAHB) is doing everything possible to make sure that first-time home buyers—who make up more than half of American adults planning to buy a home in 2009, according to a recent Move.com survey—know they may qualify for up to an $8,000 tax credit. Read More >>>
The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of ten percent of the sales price, up to a maximum of $8,000, for the purchase of a new or existing home. The tax credit is available to qualified homebuyers who purchase a home before December 1, 2009. Read More >>>
In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. Read More >>>
