The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence.
Existing U.S. Home Sales Rise to Highest Level Since 2007 in Recovery Sign
A story published on Bloomberg.com today states that “Sales of existing U.S. homes in November rose to the highest level in almost three years as first-time buyers rushed to take advantage of a government tax credit and lower prices.“
The Extension and Expansion of the First-time Homebuyer Tax Credit is Now Law
The government has just extended and expanded tax credits for home buyers – and not just those buying for the first time. First time home buyers can now receive an $8,000 tax credit through April 30, 2010 Home buyers who have lived in their residences for five years may now receive a credit of $6,500 […]