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Home buyer tax credit extension approved AND improved!

Congress heard you on the need to both extend and expand the homebuyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.

The biggest change in the bill is that current homeowners who are within the income limits posted on the chart , can get a $6500 credit for a  home up to $800,000.  This will hopefully stir up the “move up buyer” market.

Dont hesitate to call if you have any questions.

Yours to count on,

Sue Adler

(973)464-9129

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This entry was posted on Friday, November 6th, 2009 at 8:26 am and is filed under Buying a home in this market, Market Updates, Stats & forecasts. 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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