I read just last week a study by the National Association of Realtors that fully 50% of the prospective first time home buyers did not know anything about the $8000 federal tax credit if they buy a home by November 30, 2009.

And my experience with Atlanta area first time home buyers?  The same.

So I want to pass along this FAQ sheet for first time buyers.  I found it quite informative.  Pass it on to a young renter, who is thinking of buying their first home: tax-credit-flyer1