New Housing Stimulus Package and How it Affects the Tucson Housing Market

February 25, 2009TUCSON, ARIZ.
The American Recovery and Reinvestment Act of 2009 was signed into law on February 17, 2009 to help stabilize the housing market and strengthen our overall economy. Included in this legislation is an $8,000 tax credit for first time home buyers.Rosey Koberlein, CEO of the Long Companies, is Tucson’s foremost expert on how this stimulus package affects the local housing market. Her vast experience and expertise is a valuable resource to help ensure that homebuyers who qualify receive the full benefit of the tax credit that they are entitled to.

"We know that consumers will be desperately looking for more information on the tax credit and what it means to them," said Koberlein, continuing, "To help us educate them, we have made available a new section on our website, www.longrealty.com/taxcredit, that explains in an easy-to-read summary what the $8,000 tax credit for first time homebuyers is, how to qualify and other important information." She also added, "The tax credit is an important tool to help qualifying buyers save money on their home purchase. Combined with historic lows in mortgage rates, lower prices and a large selection of homes to choose from – now is an opportunistic time to buy." If you are eligible, the tax credit can help ease the financial transition from renting to owning. Homes purchased between January 1, 2009 and December 1, 2009 are eligible.

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