In case you haven't heard me talk about this before (almost impossible) there is a first time home buyer's tax credit of up to $8,000 that does NOT have to be paid back with a few restrictions. The home must be purchased by December 1, 2009. As long as you have not owned a home within the last three years you qualify as a first time home buyer. This is a credit that can be taken when you file your 2008 tax return to go toward what you may owe...and get what's left back to you! Your CPA can help with all of this.
So with the historically low interest rates, this tax credit, and home prices being what they are, would be home buyers are beginning to jump off the proverbial fence and starting their home search. With all of this renewed activity, we shall see how the market continues to percolate.
For more information on this topic and more or a free San Antonio home search go to my website www.HollyGHomes.com or email me at hollyg@kw.com.
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