First-Time Homebuyers’ Tax Credit

Diana Olick found some interesting stats on the it offered:

* 1.76 million taxpayers have filed for this credit in 2008 and 2009
* $12.45 billion in credit has been claimed
* It appears as though the share of the homebuyer market consisting of first-time buyers topped out in November at almost 50%

For more on our thoughts on this government subsidy and how it is affecting the market, see our recent post “The Anatomy of a Housing Bottom“.

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