Real Estate Blog - US Senate votes to extend and expand FTHB Tax Credit

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US Senate votes to extend and expand FTHB Tax Credit

As reported by the San Francisco Chronicle, the Senate voted 98-0 to pass the extension and expansion of the First Time Homebuyers Tax Credit.

As expected, $8,000 will be given to first timers, with an increase in income levels to define eligibility. And the move up buyer may also qualify for $6500 in credit.

Expected to pass in the House and quickly to be signed into law by President Obama?

Whoopee.

Wait until the moaning and groaning and gnashing of teeth starts in April, 2010, when it becomes clear that some folks have missed the boat.

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Mike Jaquish, REALTOR®

919-880-2769 www.MikeJaquish.com

My "No Hassle Home Search" lets you search Triangle Homes For Sale without ever registering.

Broker Associate, KELLER WILLIAMS® Realty, Cary, NC

Posted by Mike Jaquish Cary, NC, Real Estate on 11/04/2009 10:08 PM

Comments (3)

First Time Homebuyer Tax Credit in the Home Buying Channel

first time buyers tax credit

Originally posted at: Cary, NC, Real Estate Focus: US Senate votes to extend and expand FTHB Tax Credit

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3 Comments on US Senate votes to extend and expand FTHB Tax Credit

NOV

Great news. Great winter coming. Sound the alarms. The buyers are coming.

NOV

Tied to Unemployment benefits legislation.

Now all we need is to have the unemployed qualify for a loan, and get the credit!

Mike- no kidding! No work, no loan. Kind of like the cart before the horse...

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