LOOK LIKE BUYERS ARE GOING TO GET AN EXTENDED BREAK

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Real Estate Agent with Keller Williams Hudson Valley Realty

It looks like the  $8000 tax credit for first time buyers will be extended to May 1, 2010.  The Senate and The Legislature have both passed the bill which includes higher income limits as well as a provision for step up buyers.  A step up buyers is deemed someone who has lived in their property for at least five years.  That credit will be for up to $6500.  The bill is just awaiting the expected signature of President Obama.  For more information on this you can click here.

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Topic:
Home Buying
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Tags:
first time buyer
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Rainmaker
1,083,642
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Thanks for the blog post, Kevin...that's nice that they're offering something to repeat buyers now. :)

Leilani

Nov 06, 2009 06:27 PM #1
Rainmaker
2,822,606
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I had heard the news in the last couple of days.  I'm really hopeful this extension will go further in helping the housing market, and ultimately the economy.  I also heard rumblings from a couple different small business owners I know, that tell me they are seeing a slight bump in work activity.  One does cabinet making.  The other has a backhoe and tractor business, which had all but dried up this past year.

Nov 08, 2009 11:53 AM #2
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Rainmaker
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Kevin Cavanaugh

Lic. Associate Broker, ABR, GREEN
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