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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
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.
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.