November 2009

There are 1 blog entries for November 2009.

$8,000 1st Time Home Buyer CreditGreat news for the housing market. This will not only help 1st time buyers that were rushing to beat the November 30th deadline, but it will also help trade up buyers. The bill was signed by President Obama on Friday so it is a done deal. See details below:

In addition to extending the $8,000 first-time homebuyer tax credit, the new law also allows a $6,500 credit for repeat or move-up homebuyers who have lived in their primary residence for five years or more. The credits are available to buyers who sign purchase agreements on a new or existing primary residence between December 1, 2009, and April 30, 2010. Buyers have until June 30 to close on their new homes.

There is an $800,000 price max to qualify for the tax credit. The income limits for

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