Another day, another tax credit extension proposal. So the latest idea still includes an $8000 tax credit to 1st time buyers and a $6500 tax credit to repeat buyers that have owned their previous home 5+ years. While it doesn't say it in the CNBC article, I have heard from other sources that the proposed extension would expire at the end of April but allow purchase agreements signed before that date to close up to the end of June. While this is quite different than the proposal that was floating around just a … [Read more...]
Housing News, Opinion, Statistics and Homes for Sale
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