President Obama signs First Time Home Buyers Tax Credit Extension into law

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

    Click here for details and a chart that compares the features of the existing and new tax credit bills
    Reposted from NAR
Bob Young

Bob Young

Real Estate for Sale in West Michigan
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