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$8,000 Federal Tax Credit for 1st Time Home Buyers - A Great Opportunity for Some
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The $8,000 tax credit for first-time home buyers should entice some first-time home buyers to “jump-in” and buy a home, but it may prove to do little in increasing overall demand as first-time home buyers represent a small percentage of the entire market. Only time will tell if the tax credit is effective.
*If the home is sold within 3-years, the $8,000 tax credit must be re-paid