I know it's a simple-sounding question, but yes/no doesn't cover all the possibilities.
I am planning to buy a house this year but can't do it until I can sell the current one.
I also won't be able to do it if I'm not able to get financing.
According to Lawrence Yun, chief economist for the National Association of REALTORS®, homebuyers will purchase an additional 300,000 homes in 2009 as a result of the tax credit.
That's a good thing and should help things out. Besides, the first time homebuyer's tax credit is just that, a credit. Not like the 2008 credit, which is more like a loan, that has to be repaid over 15 years.
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Name: sheideman
Location: Tempe, AZ
Bio: All around social media afficionado. I write about mortgages for Dow Jones (Filife.com) and Biggerpockets.com.
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