tax credit: Extended & Expanded Homebuyer Tax Credit
- 11/06/09 03:53 AM
Obama signed an Unemployment Insurance bill today, which included provisions to extend the first-time homebuyer credit of $8,000 and create a new homebuyer credit of $6,500 for repeat buyers. News article This will almost certainly give a boost to the real estate market, as now many current homeowners have incentive to move to a new home. Many homeowners have been hesitant to move, because they aren't comfortable with selling in this market which has depreciated the past couple of years. But the incentive of a free $6,500 should change some minds. Especially considering the house they will be buying should also … (1 comments)
tax credit: Looking Good for an Extended Tax Credit
- 11/02/09 04:11 PM
The current homebuyer tax credit is $8,000 for first-time home buyers who close by November 30th, 2009. Last week the Senate agreed to extend this $8,000 tax credit for first-time homebuyers PLUS offer a $6,500 tax credit to repeat buyers who have owned their current home for at least five years. The proposed bill states that the homebuyer must have an accepted offer by April 30th, and closing by June 30th. The first-time homebuyer tax credit was a huge success in 2008, with 350,000 first-time buyers nationally saying they would not have otherwise purchased a home this year (according to National Association … (5 comments)
Obama signed an Unemployment Insurance bill today, which included provisions to extend the first-time homebuyer credit of $8,000 and create a new homebuyer credit of $6,500 for repeat buyers. News article;)
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