The first-time homebuyer tax credit was first enacted in February as part of an economic stimulus bill, and it has met with success over the past year.
California Association of Realtors' President James Liptak in an earlier statement called this year a "unique opportunity" for new homebuyers.
“Homes were more affordable than they have been in years, interest rates hovered near historic lows, and the federal tax credit helped more than 1 million people become homeowners nationwide," he said.
The tax credits are among a number of items included in the bill. Others are an extension for unemployment benefits, as well as tax refunds for struggling businesses. << PREVIOUS PAGE