November 9, 2009

President signs tax credit and expansion!

On votes of 98- 0 and 403 - 12, the Senate and House have respectively passed legislation that includes an extension and expansion of the homebuyer tax credit

November 4, 2009

Senate just voted 98-0 to pass the extended tax credit!

…vote on a similar bill to get an extension to the President by Friday

November 2, 2009

First time buyer tax credit to be expanded, in final discussions in congress right now…

The Senate is expected to approve the entire package before the end of this week and immediately send it to the House, opening up the possibility that it will reach the White House for the President’s signature in a matter of days.

November 1, 2009

Progress continues on extending and possibly expanding the home buyer tax credit…

Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.

October 29, 2009

Leaders get closer and closer to extending the tax credit.

The demand for new homes and condominiums may increase by “more than two times because you’re allowing step-up buyers into the equation,” said Andrew Parmentier, a managing partner at Height Analytics, a research firm in Washington. ” You just opened up a whole new pool of people who can buy into those empty homes and empty condos that were built out.”

October 19, 2009

Lawmakers continue to look at extension of tax credit

Facing mounting concerns over the bleak outlook for jobs, more lawmakers on Capitol Hill last week showed interest in extending and possibly expanding the $8,000 first-time home buyer tax credit that is set to expire on Nov. 30.

October 13, 2009

More news from Washington…

Amidst growing concerns in the Administration and Congress over worrisome prospects for reducing the nation’s lengthening unemployment lines and further strengthening the economy as it moves tentatively toward recovery, Washington turned a sharper focus last week on extending the current $8,000 tax credit for first-time buyers beyond its Nov. 30 expiration date and expanding it to a wider circle of principal home buyers.

October 9, 2009

Home Buyer Tax Credit MAY be extended…

Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said.

August 18, 2009

Have you heard, the market is great right now…

There truly has never been a better time to buy than now.

June 22, 2009

Time is money!

Unless you’ve been vacationing on another planet, you’ve probably heard about the $8,000 tax credit that is available for first-time homebuyers.  Maybe you’re one of those who is planning to check into it but haven’t quite gotten around to doing anything about it.  The deadline isn’t until November 30, 2009 anyway so you’ve got plenty of time, right?  [...]