According to the AP: "Buying a home is about to get cheaper for a whole bunch of homebuyers - $6,500 cheaper"!
First time homebuyers will continue to receive tax credits up to $8,000. The program intended to expire on Nov.30, 2009 has been extended to April 30, 2010 for sales contract. Homes must be closed by 06/30/2010 to qualify. In addition, buyers who have owned their current home for at least five years would be eligible for tax credits of up to $6,500.
The U.S. extended and expanded the bill yesterday. President Obama is expected to sign this week. For more details continue to watch this blog or email us at piketteamrealtors@hotmail.com