The $8,000 tax credit for first-time home owners helps many more than just teachers, but will it continue in 2010? Many think it will. Realty and home builder lobbies love it, and it could be the sole reason housing prices bottomed this summer. Without it, home prices might start testing new lows.
But time is running out on the credit, and there will likely be a hangover effect on housing prices after the November rush is processed.
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