Great News!! President Bush just signed into law the Housing and Economic Recovery Act of 2008.
Homebuyers will soon have access to more affordable financing, and first-time homebuyers (those who have not owned a home for three years) will receive a tax-credit to help them enter the market. For more details on all of the provisions in the new law, please use the link below.
See Tax Credit Chart
Summary of Housing & Economic Recovery Act of 2008