The Secretary of the U.S. Department of housing and Urban Development told REALTORS gathered in Washington, D.C., that the federal Housing Administration is going to permit its lenders to allow home buyers to use the new
$8,000 tax credit as a down payment.
Hundreds of Illinois REALTORS talked to lawmakers in Washington D.C. this week, joining over 8,500 total on Capital Hill for the NAR Midyear Meetings. The Illinois Associiation 1Q09 housing report shows March sales with sizable gains over February. Even though there were 23% less sales than in 2008, the new first time home buyers will be taking advantage of their tax credit and low interest rates for the next six months until December 1.
This is great news for areas for
Buffalo Grove Homes, Long Grove, Vernon Hills, and Deerfield. They are great cities for first time home buyers, with some of the best school districts in the state!
