First time home buyers who have recently purchased Laurel real estate, have helped the economy. By purchasing a home in these buyers of Maryland real estate have earned the $8000 tax credit. According to the government, each first time home buyer pumps $60,000 back into the economy when they purchase a home.
So for every $8000 tax credit, the government makes $60,000. Not a bad investment. This also seems to indicate the tax credit might get extended into next year.