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The First-Time Homebuyer Tax Incentives: Did They Work?
| Title: | The First-Time Homebuyer Tax Incentives: Did They Work?. |
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| Name(s): | Biehl, Amelia, author | |
| Type of Resource: | text | |
| Genre: | Article | |
| Issuance: | monographic | |
| Date Issued: | 2018-01-01 | |
| Extent: | 1 online resource | |
| Language(s): |
English eng |
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| 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. | |
| Identifier: | fgcu_ir_000598 (IID) | |
| Subject(s): |
first-time homebuyer tax incentives tenure choice difference-in-differences Real estate financing American Recovery and Reinvestment Act of 2009 Home ownership. |
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| Links: | http://ezproxy.fgcu.edu/login?url=https://search.proquest.com/docview/2139473307?accountid=10919 | |
| 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/ | |
| Host Institution: | FGCU | |
| Is Part Of: | Journal of Housing Research. |
