Homebuyer Credit Makes August Hot For Home Sales

Homebuyer Credit Makes August Hot For Home Sales

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8000-tax-credit.jpgJust like the “Cash for Clunkers” program that helped the auto industry, the homebuyer tax credit is helping turn around the housing market. The National Association of Realtors said last week that the number of contracts to buy previously owned homes rose in June for a fifth straight month.

They point to an $8,000 tax credit for first-time homebuyers, which Congress decided to create in February, as “having a big impact.”

(Continue reading or listen to the story at NPR)

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