NEW YORK (CNNMoney.com) -- If you're thinking of buying a home, there could be a big bonus for you in the economic stimulus bill that's now before Congress.
The Senate's version of the plan sweetened the $7,500 homebuyer tax credit provision proposed by the House, doubling it to $15,000 or 10% of the home's purchase price (whichever is lower). What's more, the credit applies to all buyers - not just those purchasing their first homes.
The above information is from CNN Money.com
What does this mean for a home buyer in today's market? With home prices down and interest rates at historic lows, this incentive could bring almost one million home buyers off the fence and into the market place, according to the National Association of Realtors.
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