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[9 Mar 2011 | 2 Comments | 3,089 views]
Arkansas legislature considering giving cash to first-time home buyers

Remember how the federal first-time home buyer tax credit stimulated the housing market when it was in place in one form or another for two years starting in April 2008?
The Arkansas Legislature is, apparently, hoping to stimulate housing markets here in the Natural State with a similar program.
HB1986, which is pending before the House Committee on Insurance and Finance, would grant first-time home buyers up to $2,500 for purchasing new homes. There are some stipulations, of course. For one thing, a first-time home buyer is anyone who has not owned …