That "new buyer" tax credit may end up a real credit
But Harney reports that "Congress may be on the verge of transforming it into a true tax credit - one that never has to be paid back."
Though final details on a revised credit are still subject to negotiations between the House and Senate - and to passage of the economic stimulus package itself - there's a good chance that buyers who sought the credit in 2008, and new purchasers in 2009, will be relieved of the repayment requirement.
So, you renters thinking of buying in the near future: Does the fate of the tax credit matter to you? And you renters not planning on buying: Would the revision change your mind?
What would it take for you to buy, if you're on the fence?
And for that matter, if you've got a house you're putting off selling, what will make you decide the time is right?