The Real Deal Miami

Realtors: Tax break should hit homebuyers first

April 08, 2009 10:23AM

First-time homebuyers should get an advance on the $8,000 tax break designed to boost sales, a group lobbying the state legislature said. Miami-based Washington Economics Group economist Antonio Villamil released a study last week that said getting that piece of the federal stimulus package into buyers’ hands would help the state economy, an infusion of cash that would be like creating 33,206 jobs and would spur $514 million in federal, state and local tax revenue.