It's Not a Dream...It's Our Reality

"The recently enacted first-time home buyer tax credit is making a big splash with REALTORS across the country.  NAR's economists estimate the credit could contribute up to 5,000,000 more home sales this year.  The new credit is retroactive to January 1, 2009.  The repayment feature has been eliminated for 2009 purchasers.  Thanks to nearly 300,000 letters from Realtors and the hard work of NAR's leadership, we did get the repayment feature removed and got the credit increased to $8,000 (though not the $15,000 we were hoping for).  However, it is still for first-time home buyers only."  Ken Trepeta, Director of NAR Real Estate Services

For more information go to the Realtor.org website.