March 2009 
There are 1 blog entries for March 2009.
Once in a Lifetime Opportunity for 1st-time Home Purchasers
Monday, March 30th, 2009 at 5:03pm. 182 Views, 0 Comments.
As part of the billion dollar federal economic-stimulus package, first-time homebuyers who purchase a home between Jan. 1 and Dec. 1, 2009, are eligible for a tax credit of 10 percent of the value of their home, up to $8,000.
The incentive is geared toward single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000.And unlike the tax credit available to first-time homebuyers in 2008, which was a $7,500 interest-free loan to be paid back within 15 years, the 2009 program is a dollar-for-dollar benefit that doesn't have to be repaid. Besides the tax credit, a wide selection of inventory and lower prices are also bringing out buyers who couldn't have afforded entry-level homes in the Portland area a few years ago.…My Account
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