Housing Tax Credit - the Facts

President Obama signed the bill to extend the home buying credit, which should continue to help our real estate market. First time home buyers can still get up to $8000 if they get a property under contract by next April 30th. The tax credit program now gives a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years. For more info about the law, and for answers to frequently asked questions, go to http://www.FederalHousingTaxCredit.com