First Time Home Buyer Tax Credit gets extended, Maybe?
October 29, 2009 · Filed Under Real Estate
Well, whether you think it is right for the country or wrong, it appears that the ‘tax credit’ for $8,000, which is due to expire Nov 30th will be extended. The Wall Street Journal reports today that:
$8,000 first time home buyer will stay until June 30, 2010,
Existing homeowners will get a credit for up to $6500 on buying another home if you have been in your home at least five consecutive years. This does not apply to investment property.
This will be great news for the move up housing market.
Now, we all know that the problem of sell-able inventory still exists and doesn’t look like it will get much better soon. So all you REALTORS out there in the trenches, tell us your opinion, we would love to hear from you.
Kelly…
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