Buyer's Taking Advantage of $8000 Tax Credit

Time is running out on the First Time Buyer Tax Credit, and already hundreds of thousands of people have taken advantage of it. Nearly 310,000 buyers have submitted it for their 2008 tax returns, and up to 1.1 million have qualified so far. Most of those buyers are waiting until they file for 2009 to get the cash back, and only then will we know how many first time buyers got an $8000 check from the IRS. The National Association of Realtors estimates that an extra 350,000 homes will be sold in 2009 because of the tax credit.

http://money.cnn.com/2009/09/04/news/economy/first_time_homebuyer_tax_credit/index.htm?section=money_realestate