October 29, 2009
"Rumblings" of Tax Credit Extension
I have heard rumblings that the Home Buyer Tax Credit is close to being extended. Below are the bullet points from part of an article that I found informative. This is not guaranteed nor has it been finalized. I will keep you posted as I hear things.
- tax credit expiration would hurt the residential market recovery
- Congress is moving toward extending, expanding or replacing the tax credit
- extend the deadline five months to April 30, 2010
- make the credit available to all new home buyers, not just to first-timers
- extend the $8,000 credit for first-time buyers
- create a $6,500 credit for others so long as they have owned a home for at least five consecutive years since 2001

