Mario Blautzik
TBA - Rockville, MD

It's still not a done deal.

Oct 29, 2009 03:37 AM
Darla Maddalone
Bend Oregon Homes Online-Principal Broker, SFR, CSP - Bend, OR

As Mario notes, it's not a done deal yet.  Also, your info. on the extension is a bit different than what I have read.

Cut & paste from "Daily Real Estate News" - Oc. 28, 2009

Senate Dems on Board with Credit Extension
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed - not closed - by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years.

The credit would be cut nearly 10 percent to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples.

Source: Bloomberg News, Dawn Kopecki and Ryan Donmoyer (10/27/2009)

I would think we'll see something in the next week or so on the extnesion.

 

Oct 29, 2009 03:42 AM
Jeff Boyer
First Community Bank - Helena, MT

True.  Thanks for the comment.

Oct 29, 2009 03:43 AM