Yes, It Is True

Homebuyer tax credit is increased to $8,000. on a principal residence for first time buyers. There are some income limits but very generous, this terminates December 1, 2009. Stay in the home for 3 years or more and there is no repayment.

Almost There

It appears that the new incentive will be an $8,000.00 tax credit for first time buyers. This will help to start moving the entry level homes which in turn will start the market moving. This with the low rates should develop into an early spring market.