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Archive Home > 2009 > September > 16 > Does housing recovery hinge on a tax credit?

Does housing recovery hinge on a tax credit?

First-time homebuyers credit is set to expire in November, and a debate is brewing over whether it should be renewed - or even expanded

By David Streitfeld / The Bulletin
September 16, 2009

DALLAS — When Congress passed an $8,000 tax credit for first-time homebuyers last winter, it was intended as a dose of shock therapy during a crisis. Now, the question is becoming whether the housing market can function without it.

As many as 40 percent of all homebuyers this year will qualify....

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