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Eric & Renee Reese

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  • 3 Listings
Agent at Coldwell Banker Bain Associates
Experience:
Real Estate Broker for Coldwell Banker Bain Associates April 2004—present
Real Estate Sales in the greater eastside.
Specialties:
Greater Eastside Residential
Certifications
& Awards:
Top 10% internationally
Certified Exceptional Property Specialist
... show more
Interests:
Photography, skiing, mountain biking, flying
About:
Eric and Renee Reese are a great combination of experience and expertise, having lived in Lake of the Woods for the past thirteen years, it's their knowledge ... show more
Testimonials:
"Just a little note - long overdue to thank you for all your help with my Mom´s house. There was no way I could have gotten through that whole ordeal ... show more
Eric & Renee Reese answered:
Looks like they did! Short term I believe it is beneficial, long term I am not so sure.

WASHINGTON (MarketWatch) -- Senators have struck a deal to extend a popular tax credit for home buyers beyond those buying their first house, Senate Majority Leader Harry Reid's office said Wednesday.

Legislators also have agreed to extend the tax credit through the end of April, according to a Reuters report.

An $8,000 credit for first-time home buyers is set to expire at the end of November. Under a compromise reached by senators, the credit would be expanded to those who have lived in their home for five consecutive years, a Reid spokeswoman said.

The credit for repeat buyers would be $6,500.

The credit reportedly would be available for individuals making up to $125,000 a year and couples earning up to $225,000 per year, up from the current income limits of $75,000 and $150,000, respectively.

Reid wants to attach the tax-credit measure to a bill that would extend unemployment benefits.



Senators agree to extend tax credit for first-time homebuyers, expanding it to repeat buyers
By STEPHEN OHLEMACHER
The Associated Press
WASHINGTON

Senators have agreed to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. A spokeswoman for Senate Majority Leader Harry Reid said senators agreed Wednesday to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years.

A congressional aide said the tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes. The aide, who spoke on condition of anonymity, was not authorized to publicly discuss the deal.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Copyright © 2009 ABC News Internet Ventures - Thu Oct 29 2009, 13:46

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