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The home buyer tax credit has been recently extended to April 30th, 2010. A purchase and sale must be signed by this date and completed by June 30, 2010.
Some new provisions have been added:
repeat buyers can receive a tax credit of $6500
and income limits have been raised to $125,000 for single taxpayers $225,000 for married ...
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The National Association of Realtors announced that first time home buyers being able to use the tax credit directly for a downpayment is in the works and should be annonced shortly.
HUD: Homebuyer Tax Credit Loans Still on Track
News reports that the federal government is
backing away from its plan to permit eligible borrowers to monetize ...
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Sentiment among real estate practicioners is the market is picking up. I have seen increased buyer activity since the begining of the year and have put quite a few lower end properties under agreement. The market will build itself from the bottom up. As the first time home buyers start to buy inventory it allows the sellers to ...
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