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home buyer tax credit: Has the Home Buyer Tax Credit Helped? - 12/10/09 09:00 AM
Here we are, two weeks before Christmas, and many people are asking if the Home Buyer Tax Credit, now extended and expanded, has helped to revive the real estate market.
The Home Buyer Tax Credit was due to expire at the end of November so September and October saw what seems was a "rush" to get in on the action. Even since the Tax Credit inception, sales have posted increasing numbers for the last 9 months.  October 2009 numbers show an increase of 10% over September 2009.  October 2009 was over 24% higher than October of 2008.  That is substantial!
On November 6, … (4 comments)

home buyer tax credit: Home Buyer Tax Credit Expansion Approval Expected - 11/05/09 09:40 AM
By The Chris Baynes Team
Although some details are yet to be worked out, key senators reached an agreement to extend and expand the tax credit available to those purchasing a home for 7 months.  Not only does the plan extend the current credit to first time home buyers, it will also be available to those "move up" buyers that have owned thier current home for at least 5 years.  The amount of credit for existing homeowners will be up to $6500.00.
Income limitations will rise with both credits to $125,000 for individuals and $225,000 for couples. Contracts will have to be signed … (2 comments)

 
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Chris Baynes

Wilmington, NC

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Coldwell Banker Sea Coast Realty

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