U.S. House of Representatives today voted by overwhelming positive vote of 403-12 to approve the Unemployment Compensation Extension Act (H.R. 3548) that included, as an amendment, the extension and expansion of the Homebuyer Tax Credit.
This bill with bipartisan support already passed in the U.S. Senate so now will advance from Congress to the White House for President Obama's signature.
The Administration already has signaled its support of the Homebuyer Tax Credit amendment and the President's intention to sign the bill into law.
So extension and expansion of the US Homebuyer Tax Credit will soon be a reality.
Voices by REALTORS and National Association of Realtors and industry leaders were heard at our Nation's capital.
Government is taking action to help our industry and the economy. This extended and expanded Homebuyer Tax Credit will be available to qualified home buyers in the first half of 2010 and will benefit our business and U.S. economy.
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My prior article on this subject had some interesting commentators - Will Expected Extension of Homebuyer Tax Credit Help Our Real Estate Clients?
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For other information about this expected extension and expansion of the homebuyer tax credit, contact your local REALTOR now and as soon as possible to buy a home and tax advantage of this tax credit.
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Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA. Irvine Realtor. CA DRE #01410855. ExploreProperties@gmail.com.
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Thanks Harrison for the hot-off-the-press and long anticipated news for homebuyers. A high percentage of first time homebuyers said the tax credit was a strong reason they bought their first home this year. So an extension and expansion of the credit is good news and especially for buyers in Orange County, California.