Sep 2009 19

Although there has been no official declaration of extension of the $8,000 First Time Buyer Tax Credit, today’s article in The Boston Globe seems hopeful that the credit will extend past the deadline.

“The White House is considering extending an $8,000 tax credit for first-time home buyers, which has helped to boost sales by more than 1 million this year.

The credit covers up to 10 percent of a home’s price – as much as $8,000 – for first-time buyers, but sales must be finalized by the end of November. If the credit is not extended past that date, the upward trend in housing sales could be reversed, real estate agents and builders said. (The Boston Globe 9/17/2009)

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