Nov 6th, 2009 - seattlepi
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Nov. 30 was supposed to be the deadline, and it loomed large.
The expiration of the $8,000 federal tax credit for first-time homebuyers was dreaded throughout the real estate industry as the potential killer of the modest rally in home sales since the spring.
It might not be a boom yet, but it certainly won't become a bust now that Congress has agreed to extend and expand the credit. President Barack Obama is expected to sign the bill Friday. First-time buyers still will be eligible for an $8,000 credit if they meet the criteria. And now buyers who already own homes can claim a $6,500 credit if they have owned their current residence for at least five years. Purchase agreements must be signed by April 30 and sales must close by June 30.
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Related videos from YouTube:
2:55Let's BUG Congress - Extend & Expand the Tax Credit Please!
Jenet Cattar with Cattar Realty serving Jacksonville and the beaches area of NE Florida and three of her many happy, first-time homebuyers are appealing to Congress to extend and expand the ...
7:25Federal Housing Tax Credit explained
Congress Enacts Bigger and Better Home Buyer Tax Credit A tax credit of up to $8000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009 ...
1:04Congress Votes on a Solar Tax Credit
www.solarpower-home.com There is a tax credit before Congress that was $2000 per installation, was going to be increased to $4000 per installation, and would be funded by taxation on big oil ...
4:40Roskam & Freshman GOP call for a permanent R&D Tax Credit
Congressman Peter Roskam led the Freshman Republican Members of Congress call for the action of the majority to strengthen and make permanent the research and development tax credit. 10000 ...
