Nov 7th, 2009
For all you rich kidsÂ who areÂ currentlyÂ in escrow on new construction and donâ€™t have a finite close date or for those of you who are still looking for the perfect pad, this extension is the news that you have been looking for. There had been rumors for a while that they would indeed extend the credit, but nothing had been passed until a couple of days ago. Whatâ€™s even more exciting is that there is now a $6500 credit for repeat homebuyers who have owned their home for at lease five years. Here are the details as reported by the Associated Press for MSN:
â€œWASHINGTON - Senators agreed Wednesday to extend a popular tax this site for more info on the federal housing tax credit. Now get out there and buy!