The American Recovery and Reinvestment Act of 2009 provides a tax credit of up to $8,000 for qualified first-time home buyers purchasing a primary residence before December 1, 2009.
This is an excellent time to purchase a new home if you meet the criteria set by the government. While the “rules” can appear confusion, much help exists to see if you qualify. A quick and easy way to review this act and the associated criteria is available at http://www.federalhousingtaxcredit.com/2009/faq.php.