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In today’s economy, saving enough money for a down payment on a home can be a struggle for young adults. A recent national survey conducted by Better Homes and Gardens® Real Estate found that baby boomers are part of an increasing trend in which they are helping their children and grandchildren become homebuyers.
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The survey of 1,000 homeowners showed that 83 percent said that if they were to purchase a home and qualify for the tax credit, they would engage in “smart spending” -- or put the money toward existing debts, home improvements, savings/investments or household expenses.
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The PA Housing Finance Agency announced that it has allocated another $5 million to fund the TCA program, following the federal government’s extension and expansion of the homebuyer’s tax credit, said Kate Newton, PHFA director of Homeownership Programs.
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November 30th is Monday after Thanksgiving weekend. Are you willing to schedule closing for the 30th if a delay could cost your buyer $8,000?
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Tuesday, Feb. 7, 2012
