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Tax credits will aid real estate industry, agents say

Mike Pare
Nov 07, 2009 (Chattanooga Times Free Press - McClatchy-Tribune Information Services via COMTEX) --

President Barack Obama signed into law Friday a bill that includes new tax credits for homeowners in an attempt to stimulate the economy.

Tax credits of up to $6,500 for existing home-owners will be available for people who buy a new place after living in their current residence for at least five years.

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