Articles tagged with: Mortgage Bankers Association of Arkansas. economy
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Over the past couple of months, we’ve seen declines in homes sales and everyone from the National Association of Realtors (NAR) to economists on television have attributed the drops to the end of tax credits for first-time and repeat buyers.
That’s not hard to understand. The federal government started offering tax credits to home buyers in April 2008 and the final set of credits expired at the end of April this year. It just makes sense that sales would drop after tax credits – some offering up to $8,000 cash back …