President Bush signs
The Housing Stimulus Act of 2008

The new bill offers tax credits of up to $7,500 to first-time home owners.

July 31, 2008 - President Bush signed The Housing Stimulus Bill (H.R. 3221). This bill has a provision giving qualified first-time home buyers a $7,500 tax credit for qualified homes purchased between April 9, 2008 and June 30, 2009. For more information, please refer to this summary by the National Association of Realtors.