Compromise Agreement Reached on Economic Stimulus
The Senate and House Conference reached an agreement yesterday on the economic stimulus package legislation. Congressional leaders hope to officially unveil the measure sometime today.
Homebuyer Tax Credit
The homebuyer tax credit has been modified yet again and according to
reports is as follows:
· $15,000 tax credit has been reduced to $7,500 (or possibly $8,000)
· First-time homebuyers only
· Nonrefundable – does not need to be paid back by the homebuyer
· Covers purchases through August 31, 2009
If you are a first-time homebuyer looking to purchase a home in the Cincinnati area, call Charlene Fay at 513-602-9000.
