Obama’s $8000 Housing Credit For 1st Time Homebuyers

Tue, Feb 24, 2009

If you are a first time homebuyer and buy a home before December 2009, you could be eligible to receive a $8000 housing credit when you do your taxes. Overview at at CNN.com

housing tax credit

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3 Comments For This Post

Keahi Pelayo Says:
February 24th, 2009 at 9:45 pm

Our new President is creating a morass of technicalities and qualification. It is unfortunate that FNMA has limited investors to a maximum of 4 loans. This limit will slow down the absorption of inventory.
Aloha,
Keahi

Hawaii real estate, Tony K Says:
March 31st, 2009 at 3:20 am

yesterday i had a client say he was going to wait to buy until July. I asked him why and he said, “in July it will be 3 years since I owned a house, so I can get the first time buyer credit.”

So in this case, he would buy right now if not for the credit.

DAVID NASH-TheOahuAgent.com Says:
April 15th, 2009 at 9:27 am

If you have saved up for a home, decided that Hawaii is for you, been watching the market for a while now, it is a great time to get a little boost to your money and time that you have spent on finding a home. Inside the market here, there are a lot of microclimates much like our weather. The average prices are just that average. Choose a good realtor to work for you, and find the sellers and properties that are motivated with a property that fits your lifestyle and location needs and get into a home while finance rates are low and before inflation hits.
Aloha,
David Nash

Hawaii Real Estate Reporter