(All the details on the expanded and extended homeowner's tax credit as explained by the CEO of Coldwell Banker, Jim Gillespie)
President Obama has signed the extension of the First Time Home Buyer's Tax Credit. This is exciting news because this bill also expanded the parameters of the Tax Credit, allowing for larger income maximums of the people receiving the credit.
Move Up Buyers are also considered in this tax credit. People who have lived in and owned their primary residence for at least 5 years are now eligible for a Move Up Credit of $6500.