Articles tagged with: housing market recovery
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It appears that low interest rates are bringing prospective buyers back to the real estate market.
In April 2008, the federal government started handing out tax credits to first-time home buyers. That program expanded to include repeat buyers. By the time it ended at the end of April last year, qualified first-time buyers could receive up to $8,000 and repeat buyers could get up to $6,500.
Buyers were initially instructed to get homes under contract before May 1 and close on them prior to July 1. That resulted in a flurry of …