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A $7,500 credit may push some new buyers into the market. But the money must be repaid, and the program probably won't be enough to jump start the housing markets.

I find it interesting to see this referred to as a tax credit when it's really just an interest-free loan.

 

Submitted: Aug 18, 2008    Views: 256    Comments: 1    Likes: 1   


View Article: http://money.cnn.com/2008/08/15/real_estate/buyers_tax_credit/index...


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Comments Received:

Sam Cass
Sam_Cass

The name of it is deceiving and it won't save the economy. But, it's a 0% loan and over 15 years it will save a homebuyer $8,100 in interest payments according to the IRS.

Posted: Aug 18, 2008



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