Tax credit results • 04.27.10
The federal tax credit for home buyers is running out. The Treasury Department says the program has been a success, helping 1.8 million people buy homes, but many experts say the program wasn’t cost effective. The New York Times estimates that for every new buyer who was lured into the market by the credit, there were three more to received it who would have purchased a home without it anyway. To take advantage of the benefit, buyers must be under contract by April 30, and close by July 30, 2010.

