$8000 Tax Credit Extended!
Posted October 29th, 2009 by Sheila
MSNBC reported today that the First-time homebuyer tax credit that is set to expire at the end of November, will be extended through April. All sales contracts will be need to be signed by the end of April and then closed by the end of June. This is great news for the sagging real estate market and for first-time homebuyers who are still waiting for a lengthy short sale to be approved.
It appears there may be further help to promote home sales. Buyers who have owned a home for at least 5 years may qualify for a $6500 tax credit, which would further help improve the overall real estate market.
We won’t hold our breath just yet though!! It still has to go through the Senate and the President.
MSNBC article: http://www.msnbc.msn.com/id/33522046/ns/business-real_estate/
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