Realtor.org reports, “The $790 billion stimulus package hammered out by House and Senate conferees late yesterday increases the home buyer tax credit to $8,000, from $7,500, and drops the repayment feature for buyers who hold on to their property for at least three years.”
Since the repayment provision made last-year’s version unattractive for many buyers, its repeal its great news.
ref also: Wall Street Journal story on stimulus package.
