Some good news for both buyers and sellers. Congress has passed to extend the first time home buyer tax credit until April 30 2010. What is good for buyers is good for sellers. I personally had many buyers this year who were very keen to take advantage of this tax credit. Although they were not going to buy a home based on the tax credit they were certainly more motivated to make it happen before the deadline expired Dec 1st. There is also a provision to extend a $6,500 tax credit to those who are purchasing a move up home. Many in the industry felt this was helping the housing market. With the economy and housing market going through major changes this past year it was in their best interest to keep people motivated to buy a home. Want more information contact me.
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