Proposed First Time Buyer Tax Credit? Who Qualifies?
The proposed first time home buyer tax credit was introduced in Congress along with additional housing related bills. But, these may create problems in housing market and drive up prices, affecting buyers across the board. Industry groups who want to sell more houses have concerns that it will make homes less affordable for the low to moderate income buyer is is designed to help. Usually, these groups favor legislation which propels more home sales. As a result, their concern that it may have the opposite effect should be vetted and debated. Pick up a copy of Winning Mortgage, Winning Home as the first stop on the first time buyer journey!
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