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Home Buyer Tax Credit Could Expand

Quoted from Realtor.com

“A first-time home buyer tax credit of up to $8,000 has helped to move housing inventory during an otherwise sluggish real estate cycle. Now both legislators and the business community are hoping to build on the incentive’s success by expanding it.

Home Buyer Tax Credit Could Expand?

Home Buyer Tax Credit Could Expand?

A number of bills have been introduced in the House and the Senate that lobby for an expansion of the measure. Among the proposed changes:

  • Setting a new cap of $15,000.
  • Extending the tax break into mid-2010.
  • Making the benefit available to all home buyers, not just first-timers.
  • Offering a separate tax credit to $3,000 for borrowers who refinance.

USA Today, Stephanie Armour (06/22/09)”

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Home Buyer Tax Credit Could Expand

This credit is extremely important for our housing market. It has the potential too push those whom are sitting on the edge of buying a home. This is a great deal for first time home buyers, they are being provide a great incentive to buy their first home. Hopefully this stimulates the market like most experts and government officials think it will.

Hoped this helped,  feel free to Contact Us again

-Walter Grande

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