Home Buyer Tax Credit to Expire:
Now is the time to buy! There is only 10 weeks left of the Homebuyer Tax Credit ($8,000 to first time buyers and $6,500 for current homeowners wanting to move). You might not have another opportunity like this.
In January there was an 8.9% increase in home building in the West. It is said this is due to the small drop in the unemployment rate and low mortgage rates. Some builders think the low mortgage rates are due to the Home Buyer Tax Credit. Experts are worried the increase in home building will halt if mortgage rates go back up once the government fails to renew the Home Buyer Tax Credit and discontinues it's support. The tax credit expires April 30, 2010. So don't miss out on this chance to take advantage of the tax credit and the low rates available.
Have a wonderful week!
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