Home-buyer tax credits just a little too sweet – Taxpayers who took the 2008 tax credit for new homebuyers were unhappy when Congress made the. interest for the period before the house was purchased. A good deal for the homebuyer but not for the.
New Homebuyer Tax Credit Arrives but Is Destined to Fail – Home prices want to come down. Home prices need to come down. And home prices will come down, as soon as government gets the hell out of the way. All it took was a couple months of lousy housing data.
· Be sure to factor in first-time homebuyer and other tax benefits and deductions in deciding whether you can afford to buy a home and how much you can pay for one.