The National Association of Realtors reports that existing home sales plunged 16.7-percent in December, 2009. This adjustment comes as little surprise since, prior to the extension of the Tax Credit, it was expected that November would be the last month in which buyers could qualify for a federal tax credit in an amount up to $8-Thousand.
Under the new deadline buyers have until the end of April to take advantage of the Tax Credit, plus there is the addition of the $6,500 credit for move-up buyers.
For more on this breaking story follow this link: http://www.realtor.org/research/research/ehsdata
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