The First-Time Homebuyer Tax Incentives: Did They Work?

Amelia M. Biehl

Journal of Housing Research, 2018, vol. 27, issue 1, 1-15

Abstract: Following the Great Recession, two important recovery acts provided incentives for a qualified first-time homebuyer to purchase a home: the Housing and Economic Recovery Act of 2008 (HERA2008) and the American Recovery and Reinvestment Act of 2009 (ARRA2009). Using the American Housing Survey and a difference-in-differences approach, I find that recent movers who qualified for HERA2008 were 8.2% more likely to choose homeownership, relative to movers who did not qualify for HERA2008. Recent movers who qualified for a tax credit under ARRA2009 were 9.3% more likely to purchase a home than movers who did not qualify for the credit.

Date: 2018
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DOI: 10.1080/10835547.2018.12092138

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