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The First-Time Homebuyer Tax Incentives: Did They Work?
|Title:||The First-Time Homebuyer Tax Incentives: Did They Work?.||
|Name(s):||Biehl, Amelia, author|
|Type of Resource:||text|
|Extent:||1 online resource|
|Summary:||Following the Great Recession, two important recovery acts provided incentives for a qualified first-time homebuyer to purchase a home: the Housing and Economic Recovery Act of 2008 (HERA2008) and the American Recovery and Reinvestment Act of 2009 (ARRA2009). Using the American Housing Survey and a difference-in-differences approach, I find that recent movers who qualified for HERA2008 were 8.2% more likely to choose homeownership, relative to movers who did not qualify for HERA2008. Recent movers who qualified for a tax credit under ARRA2009 were 9.3% more likely to purchase a home than movers who did not qualify for the credit.|
first-time homebuyer tax incentives
Real estate financing
American Recovery and Reinvestment Act of 2009
|Persistent Link to This Record:||http://purl.flvc.org/fgcu/fd/fgcu_ir_000598|
|Use and Reproduction:||Copyright held by publisher.|
|Use and Reproduction:||http://rightsstatements.org/vocab/InC/1.0/|
|Is Part Of:||Journal of Housing Research.|