Good News for First Time Home Buyers
Tuesday, March 17, 2009 at 11:51AM 
If ever there was a time for a first time home buyer to act, it is now! First, according to the National Association of Realtors, houses were more affordable in December than at any other point since the group started in 1970. Second, January 2008 saw record lows in mortgage interest rates. And February rates were still near-record at 4.844% according to the Newnan - Coweta Board of Realtors. Here comes the "Good News", according to the (NAR) and Reinvestment Act of 2009 a tax credit of up to $8000 will be available for first -time home buyers for the purchase of a principle residence on or after Jan. 1, 2009 and before Dec. 1 2009. The tax credit, decreased prices, great selection and record low interest rates make it a great time be a first time buyer say's Linda Mitchell with Coldwell Banker Bullard Realty. While the sellers market has a lot of improving to do, the buyers market is certainly something to be excited about - especially for first time home buyers.
http://www.federalhousingtaxcredit.com/2009/faq.php
Pamela Brown - Marketing Representative
