The recently passed Housing & Economic Recovery Act of 2008, provides a tax credit of up to $7500 for first-time homebuyers.  A first-time homebuyer is defined as someone who has not owned a home in the last 3 years.  The Tax Credit applies to those who purchase a home between April 9th, 2008 and July 1st, 2009.

For more info about the newly passed legistlation visit www.federalhousingtaxcredit.com

If you are a first-time homebuyer and you would like to investigate home purchase opportunities in Central Phoenix, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com