Jan 2010 18

Attention 1st Time Homebuyers ONLY 100 Days left for $8,000 Tax Credit opportunity.  Time is running out.  Need assistance?  Contact me here.

The Countdown is on!

Nov 2009 05

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Senate expands homebuyer tax credit, extends jobless benefits

WASHINGTON — Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.

First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But with that program scheduled to expire at the end of November, the Senate voted 98-0 Wednesday to extend and expand the tax credit to include buyers who already own homes. The House is expected to vote on the bill Thursday.

Full USA Today News article here…

Oct 2009 26

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Attention 1st Time Buyers! Better Act Fast if you want your Tax Credit…

Today’s Bloomberg reports that The U.S. Congress will probably phase out the tax credit for first-time home buyers, according to a note sent by ISI Group Inc.’s Washington research analysts.

“There could be an agreement reached as early today on the Reid/Baucus amendment that would PHASE OUT (not extend, as we originally understood when the idea was first proposed last week) the home buyer tax credit,” ISI analysts said in the note. “The phase out is worse than a straight extension and probably worse for housing than the consensus.”

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)