Tonight on the local news, I heard a tidbit about the extension passing. So I looked on the internet and could hardly find a thing....awful quiet about such BIG NEWS.
I found an article at Business Week, so I'll include the link below. Its NOT as great as the plan I heard 4 days ago, but still includes Extending 8,000 to first time home buyers to april 30 and includes existing homeowners to 6,500, with 125k income limits for singles and 225k for two income households.
Here's the LINK. I hope there is some pent up energy in the normal moving and adjusting people do for various reasons, and that this incentive will stimulate and encourage homeowners to make these changes in the near term horizon.
IF we have the recovery underway that I have been hearing in the news, then low interest rates and low prices will soon be in the Rear View Mirror.
Ask yourself? When we begin to recover, and prices move up again (historically they will). Do you want the appreciation in the house that no longer suits your lifestyle/needs....or do you want the appreciation in the home that you will be in, for the next 10-15 years.
The link to my BLOG and the Articles related to the extension are here: