First-time home buyers (FTHBs) have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But with that housing program scheduled to expire at the end of November, the House voted to extend it into the spring - and to expand it to many people who already own [...]
Check out this article in the Washington Post about extending the First Time Home Buyers Credit and adding a $6,500 credit for buyers who have lived in their home 5 consecutive years out of the last 8.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/04/AR2009110404564.html?hpid=topnews
By admin | October 14, 2009
As the first-time homebuyer tax credit is set to expire on Nov. 30, 2009, government officials are considering ways to extend the $8,000 tax credit to many military personnel, if not to all first-time home buyers.
We are starting to see an increase in activity in the Flower Mound real estate market. More listings, more sales on the residential side and more leases on the commercial side. Loans are still hard to come by and take longer to process, but we are seeing more activity and that’s a great start to [...]
Posted in Real Estate Links | Also tagged Add new tag, commercial real estate, economy, Flower Mound homes for sale, Flower Mound homes sold, interest rates, mortgage rates, real estate, real estate indust, real estate market conditions, Unicorn Lake, when to buy real estate |
A tax credit of up to $8,000 is now available for qualified first-time home buyers (or anyone who hasn’t owned a home in the last 3 years)purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to [...]