{"id":9800,"date":"2008-08-07T07:14:49","date_gmt":"2008-08-07T07:14:49","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2008\/08\/07\/should-first-time-home-buyers-buy-now-or-wait\/"},"modified":"2019-04-17T21:15:43","modified_gmt":"2019-04-17T21:15:43","slug":"should-first-time-home-buyers-buy-now-or-wait","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/","title":{"rendered":"Should First-Time Home Buyers buy now or wait?"},"content":{"rendered":"

<\/p>\n

It might be a good idea to purchase a new home now for First-Time Home buyers because of the Tax Credit.\u00a0 <\/span>The Tax Credit is part of the Housing and Economic Recovery Act of 2008, signed into law on July 30, 2008.<\/p>\n

\"House<\/a><\/p>\n

Te intent of the tax credit is two fold:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>To provide a financial resource for home buyers in the year that they\u00a0\u00a0 <\/span>purchase a home<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>To provide a stimulus to the housing market and the economy, helping to stabilize home prices and increase home sales<\/p>\n

 <\/p>\n

The law provides a tax credit equal to ten percent of the qualified home purchase price.\u00a0 <\/span>The credit is capped at $7,500.<\/p>\n

The credit is essentially an interest-free loan.\u00a0 <\/span>Homebuyers are required to repay the credit to the government, without interest, over 15 years in equal installments or when they sell the house.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It might be a good idea to purchase a new home now for First-Time Home buyers because of the Tax Credit.\u00a0 The Tax Credit is part of the Housing and Economic Recovery Act of 2008, signed into law on July 30, 2008. Te intent of the tax credit is two fold: \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 To provide a<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12269],"tags":[4207,189],"yoast_head":"\nShould First-Time Home Buyers buy now or wait? - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should First-Time Home Buyers buy now or wait? - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"It might be a good idea to purchase a new home now for First-Time Home buyers because of the Tax Credit.\u00a0 The Tax Credit is part of the Housing and Economic Recovery Act of 2008, signed into law on July 30, 2008. Te intent of the tax credit is two fold: \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 To provide aRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2008-08-07T07:14:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-17T21:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"EWM Marketing\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EWM Marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\"},\"author\":{\"name\":\"EWM Marketing\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/3a9b03cccfbcd6dc5e4bcdcc0b2c8511\"},\"headline\":\"Should First-Time Home Buyers buy now or wait?\",\"datePublished\":\"2008-08-07T07:14:49+00:00\",\"dateModified\":\"2019-04-17T21:15:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\"},\"wordCount\":144,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"keywords\":[\"First-Time Home Buyers\",\"Real Estate News\"],\"articleSection\":[\"In The News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/should-first-time-home-buyers-buy-now-or-wait\/\",\"name\":\"Should First-Time Home Buyers buy now or wait? 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