As part of the housing bill that just passed, first time buyers have an additional incentive to buy. Here's the dealio - if you have not owned a home in the last three years—or are considering buying your first home—and you can close before July 2009, you may be eligible for up to a $7,500 credit against your federal taxes for 2008 or 2009 ($3,750 for single filers)
You can learn more about the details of the tax credit here.
8.03.2008
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