Revised first-time homebuyer tax credit

The final version of the $787 billion stimulus bill revises the existing $7,500 first-time homebuyers tax credit. The major changes include an increase of the credit to $8,000, elimination of the payback option, recaptures the full amount if home/condo is sold within three years and extends the credit to properties purchased by November 30, 2009.

PDF version of the chart

Related posts:

November 2009 Condo Market Update September 2009 Seattle Condo market update Presale Lending December 2008 Condo Market Update

Tags: $8000 Tax Credit, First Time Home Buyers Tax Credit