First Time Homebuyer Tax Credit Extended (For Some)!
The end of an era is fast approaching. Real Estate professionals and potential homebuyers across the country are scurrying to submit purchase contracts before the swiftly looming April 30th deadline of the $8,000 First Time Homebuyer Tax Credit. This tax credit has been wildly successful; the IRS states that over 1.4 million first time homebuyers took advantage of this program as of September 2009. While those numbers are a bit dated, it does show how successful this piece of legislation was.
So, what does this mean for a good majority of us? Well, it’s just back to business-as-usual. Rates are low, housing prices have settled, and the economy is starting to turn around - even without the credit, it’s still a great time to buy.
If you’re anything like me, you’ve been hearing about the declining dollar everywhere. I was even in McDonald’s last weekend and it was on TV there. What happened to good old American football on a Sunday morning? Talk about the declining dollar is on the radio when I drive into work…and when I drive home. Sometimes, I feel like I’m listening to
Earlier this year Congress & President Obama signed into law the
It’s official. Included in the Housing and Economic Recovery Act of 2008 that President Bush signed, is Section 2201 that calls for the “Temporary Increase in Maximum Loan Guaranty Amount for Certain Housing Loans Guaranteed by the Secretary of Veterans Affairs”.


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