KWCH - Kansas News and Weather - Kansans Using Tax Credit to Buy First House
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WICHITA, Kan. (AP) - A national study prepared for Congress shows about 2.2 percent of Kansas households will use the $8,000 first-time homebuyer tax credit to buy their first house.
The National Association of Realtors estimate for Kansas is higher than Missouri and Nebraska, but lower than Oklahoma and Colorado. The group says the credit lured about 1,500 additional buyers into the Kansas market through September.
NAR estimates there were 22,900 first-time buyers taking advantage of the credit. Those numbers were figured before the credit was extended by Congress through April 30.
Congress also expanded it now to include a $6,500 credit to current homeowners buying a house between Nov. 7 and April 30. It estimates 52,800 home sales this year in Kansas. That is down about 5,600 from 2008.
