How housing tax credit proves good, bad news

 
By Richard Mize
Published: August 20, 2008

The housing recovery law enacted late last month included good news in the temporary $7,500 tax credit for first-time home buyers, but it also leveled a "double whammy” at a big part of the market in Oklahoma , a mortgage consultant said.

That's from the buyer's side. On the seller's side in the meantime, houses priced right still sell quickly, a Realtor said.

Bad news for buyers Certain down-payment assistan...


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