Home Buyer Tax Credit Extension? Credit For Repeat Purchasers?

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Categories: Buyers Posted on October 29th, 2009

We are nearing the end of the first time home buyer tax credit of $8,000 offered by the government. Homes that do not settle by November 30th of this year no longer qualify.

The tax credit that DOES NOT have to be repaid has been a huge hit with home buyers but many worry that the real estate market will slow down once this time frame ends…

The National Association Of Realtors has been pushing very hard for the extension of this credit and they may have their wish. USA Today reports that Senators agreed on Wednesday, October 28th, to extend the credit and add a $6,500 credit to repeat purchasers that meet certain criteria.

This could go through very quickly so I will keep you updated on the details….

This entry was posted on Thursday, October 29th, 2009 at 8:19 AM and is filed under Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.