The Home Buyer Tax Credit Law Extended
There has been a lot of conversation and questions on what will be happening with the homebuyer tax credit. I just received information from the NAR, so I thought you would like to know.
Congress has both extend and expand the homebuyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.
This is a great victory for the economy, for homebuyers, and for all of us who own real estate. This bill will continue to help stabilize our real estate market.
More information on the tax credit and what it means to you, I have include a few links for you to review:
Changes to the Homebuyer Tax Credit LawFrequently Asked Questions About the New BillIn Depth: 2009 First-Time Homebuyer Tax Credit
For more information, please visit my Central Ohio New Homes website!
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