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first time buyer tax credit: TAX CREDIT UPDATE - 10/31/09 09:55 AM
October 30, 2009-(MCT/The Wall Street Journal)-The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn. While its passage remains uncertain, the agreement would extend the existing credit for first-time homebuyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all homebuyers who have been in their current residence for a consecutive five-year period in the past eight years. Lawmakers in Washington also … (5 comments)

first time buyer tax credit: NAR UPDATE ON TAX CREDIT - 10/29/09 04:59 PM
The National Association of REALTORS® (NAR) sent the following update this morning regarding the extension and expansion of the $8,000 First-Time Homebuyer Tax Credit being debated in Congress right now:
 
"We've heard from a lot of you this morning that saw news reports about the tax credit. The bottom line is that nothing has been voted on at this time.
 
Senate leaders of both parties, key Senate Finance Committee members and staff and Tax Credit Sponsors Sen. Chris Dodd (D-CT), Sen. Joe Lieberman (I-CT) and Sen. Johnny Isakson (R-GA) have agreed on extending and expanding the housing tax credit.
… (2 comments)

 
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Lu Cohen

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