Housing Economics - 11/19/2008 (Plain Text Version)
In this issue:
Special Study: The First-Time Homebuyer Tax Credit: A Primer
The Housing and Economic Recovery Act of 2008 (H.R. 3221), enacted into law on July 30th, 2008, established a number of new programs intended to stimulate the housing market. One of these provisions is the temporary first-time homebuyer tax credit. The tax credit provides an incentive for new homebuyers to enter the housing market, thereby reducing housing inventories and taking some of the downward pressure off house prices.
For more information or to contact us directly, please visit www.NAHB.org | ©2008, National Association of Home Builders