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Press RoomIn the NewsKPCC FM: Home tax credit boosts sales... and fraudDr. Richard Green, Director of the USC Lusk Center for Real Estate, radio interview with 89.3 KPCC Southern California Public Radio October 28, 2009 Home sales were up 9.5% in September, thanks in large part to an $8,000 tax credit for first time homebuyers. Many members of Congress are pushing to extend the credit beyond its December 1 expiration, but the White House harbors its doubts. An IRS watchdog group told Congress that hundreds of millions of dollars have already been fraudulently claimed. Is the bump to home sales worth the cost? Larry Mantle learns more. |
