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$8,000 Home-Buying Incentive

The Pioneer Press reported Sunday on a huge new incentive for those who have never owned a house before to get out and see what the market has to offer, $8,000.
The Press reported that some home listings have seen multiple offers after just a few days on the market, in part because of the $8,000 tax credit given to first time home buyers as laid out in President Obama's stimulus package.
The credit is available to those who have not owned a home in the past three years and who buy a home before Nov. 30.
The Press article said as many as 300,000 first time buyers could be inticed by the credit, but also reported that realtors are unsure what, if any, benefit this would bring to the housing market.
ABC News created a checklist for interested people to see if they will qualify for the credit here.