Last week, as the world knows by now, Congress passed a rather large Economic Stimulus Bill, with President Obama’s signature expected this week. One of its features – a tax credit of up to $8,000 for “first-time home buyers” within a certain income range – is included. It would be incredibly bold of me to try to explain this incentive, so instead, I give you NAR President Charles McMillan’s explanation: First Time Home Buyer $8,000 Tax Credit
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