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firsttime homebuyers: Extending the $8,000 Tax Credit - Massachusetts Blog - 08/19/09 07:31 PM
As first-time home buyers in Massachusetts race against the clock to take advantage of the current $8,000 tax incentive, some of our Senators are racing to get the bill renewed.
Senate Majority Leader Harry Reid has been working on the bill and he says he expects Congress to extend it into the new year.
The tax credit, which was approved as part of the federal stimulus package, is currently set to expire on December 1.
So far, the program has encouraged around 2.5 million first-time home buyers to make their move toward the purchase a home. And, according to the National Association of Realtors, … (10 comments)
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firsttime homebuyers: Massachusetts Offers Home Buyers $8,000 Interest-free Loans - 07/16/09 08:58 AM
Massachusetts has just joined a small but growing number of states which have developed a way for buyers to access the $8,000 Federal homebuyer tax credit at a time when it is the most useful in the home buying process.
First-time homebuyers with loans from the state's affordable housing bank, MassHousing, are now eligible to receive an $8,000 state loan if they buy before December 1, 2009. The loan is interest-free as long as it is repaid by June 1, 2010. By that time, buyers will have been able to claim $8,000 federal tax credit provided for in the federal Housing … (0 comments)
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firsttime homebuyers: Pending Home Sales Rise - Massachusetts Blog - 05/05/09 11:40 AM
Is the housing meltdown coming to an end?
According to the National Association of Realtors, pending home sales rose in March. The pending home sale index rose 3.2 percent to 84.6 from 83.7 in March 2008. It was also up from February's reading of 82.
It has been a good year for first-time home buyers in Massachusetts who have seized the opportunity with low interest rates, low prices and the government's $8,000 tax credit program which will be in place until the end of this year.
According to chief economist, Lawrence Yun,
"We need several months of sustained growth to demonstrate … (0 comments)
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firsttime homebuyers: Taking Advantage of the $8,000 First-Time Homebuyer Tax Credit in Massachusetts - 03/04/09 06:24 PM
While some home buyers have been spurred on by current prices in Massachusetts, low interest rates and a huge inventory, there is now another reason to pull the trigger on a home purchase this year.
As of March 26, 2009 there is a new economic stimulus tax credit that is providing a great opportunity for first-time home buyers.
A first-time homebuyer is defined as anyone or their spouse who has either never owned a home or has not owned a home for at the past three years.
Although there is much debate about whether or not the 2009 American Recovery and Reinvestment … (5 comments)
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Claudette Millette - Metrowest Mass Buyer Broker
Ashland,
MA
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