December 17, 2009
Don’t miss out on the opportunity to get a home buyer tax credit offered by the federal government. First time home buyers can get up to an $8,000 home buyer tax credit and existing home buyers qualify for up to a $6,500 home buyer tax credit. Hurry, as time is running out. You must have a signed and accepted real estate transaction by April 30th, 2010. 
November 5, 2009
Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
The House passed the bill on a 403-12 vote Thursday, a day after the Senate ended a month long stalemate with a 98-0 vote. With some 7,000 people exhausting unemployment benefits every day and the $8,000 tax credit for first-time home buyers set to expire at the end of November, President Barack Obama is expected to quickly sign it into law.
The IRS says some 1.4 million people applied for the homebuyers credit through August, helping enliven the moribund housing market. The legislation would extend the program through June of next year, as long as the buyer signs a contract by the end of April. It also offers a $6,500 tax credit to those who have lived in their current residence at least five years.
The measure doubles the income ceiling for eligible individuals to $125,000. Homes must cost less than $800,000 to qualify.
This is all great news for the economy as this will continue to boost real estate sales and real estate values.
October 19, 2009
Just a quick reminder t
o turn your clocks back on November 1st for Daylight Savings Time!!!!