First Time Home Buyer Tax Credit

In the continuing debate about whether it's a good time to buy, another argument goes on the pro side of purchasing a home. President Bush signed into effect a new housing bill that would give a $7500 tax credit to qualified first-time home purchasers. I'm including a link to a news article posted on the Lexington-Bluegrass Board of Realtors website. Essentially, this tax credit is like an interest-free loan for any qualified purchases made between April 8, 2008 and June 30, 2009.