October 2009

There are 1 blog entries for October 2009.

Yes we have all heard the news, or at least you should have if you are in the Real Estate business, the U.S. Senate version of the homebuyer tax credit is moving. We for the moment will not speak of the numerous versions of this proposal in the House of Representatives, or of the resistance that any extension of this legislation is meeting in the White House…So I guess Happy Days are Here Again!, or are they?

It is true that the Senate version extends the tax credit, and also provides for a $6500 credit to other primary home buyers. To qualify for the $6500, current homeowners would need to have been in their current residence for a consecutive five-year period, in the past eight years. (love the policy speak of Washington!) Nicely done in the Senate

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