President Obama's foreclosure plan includes a scheme that gives up to $8,000 tax credit to first-time homebuyers earning less than a specified salary range.
The market for newly built family homes is facing great concerns as 2009 opened. The feeble economy and foreclosure-fearing homebuyers sank the confidence of U.S. homebuilders.
Confidence among home builders surged in February this year, based on a confidence index. The said index climbed up to 17 from 15 in the previous month.
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