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Will the First Time Homebuyer Credit be extended?

“First-time buyers would continue to get an $8,000 credit, while repeat buyers of primary residences would be eligible for a credit of $6,500.”

In an article on the CNBC website, we are told that key senators have agreed to extend the popular first time homebuyer tax credit through April of next year. In addition, the credit will apply to non-first time homebuyers in the amount of $6,500 for the purchase of primary residences. First time homebuyers make up a large percentage of home purchases, and extending it is key in keeping the housing market going. Read the entire article here.  If you would like more information on taking advantage of the credit, give me a call!

This entry was posted on Friday, October 30th, 2009 at 8:19 am and is filed under Buying a Home, First Time Homebuyers. 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.

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