Tax credit extension & enhancement...

Real Estate Agent with Silvercreek Realty Group

Looks like the $8000 first time home buyer tax credit may very well get extended past the Nov 30th deadline...AND add an additional tax credit of $6500 to those who have lived in their homes for 5 years to allow people to move up! We'll watch for more definite details in the days ahead!!

Comments (4)

Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

This is just one of the many options out there.  With over 30 different bills in Committee, it will be surprising to see if these are attached to any other bills.

Oct 28, 2009 04:42 PM
Angela Niece
REMAX Results - Eden Prairie, MN

We have seen a marked decrease in the activity over the past 10 days.  It will be a good thing if the tax credit get's extended but it would be a better thing if they offer it to move up buyers.  

Oct 28, 2009 04:43 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We are seeing a drop in our area in the number of buyers and sales.

Oct 28, 2009 05:15 PM
Jacqui Hewson of Remerica Hometown II

I also have noticed a slight decrease in the phone calls and the walk in buyers over the last week.  I certainly am redy for the extension.  Hope buyers come out sooner than a month before the deadline again.

Oct 29, 2009 09:29 AM