President Barack Obama’s $787 billion stimulus plan includes an $8,000 tax credit to first time home buyers for 2009 purchases. Though short of the $15,000 credit that the National Association of Realtors was suggesting, this credit, combined with low interest rates, incentivizes prospective buyers in a challenged market.
However, buyers should be aware that there are qualifying factors. US News & World Report put out a comprehensive article on the details of the package. Read the full article on USNews.com.
For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.
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