Pending home sales rise

According to the National Association of Realtors (NAR), pending home sales (those homes that have a written contract) were up 3.6% in June from May and 6.7% higher than a year ago.
Low interest combined with an up to $8,000 tax incentive and a large selection of affordable homes, are bringing more potential homebuyers into the [...]

2009 American Recovery & Reinvestment Act-RE: $8,000 or 10% tax credit

$8,000 home buyer tax credit — signed into law by President Obama on February 17, 2009, as part of the American Recovery and Reinvestment Act of 2009 — is better than a poke in the eye with a stick.
The Difference Between a Tax Credit and a Tax Deduction
A tax credit is applied directly to taxes [...]