Homebuyer tax credit extended

Nov 6th, 2009 - The Denver Post

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The U.S. House of Representatives on Thursday extended a soon-to-expire $8,000 tax credit for first-time homebuyers through April and expanded the program to include a $6,500 credit for buyers who have owned their existing homes for at least five years.

Local real estate agents said the bill, which President Barack Obama is expected to sign today, will make it easier for homeowners to get back in the market. The measure also includes provisions to extend unemployment benefits and a tax break for businesses that are losing money.

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