Being reported today is the possibility that the $8,000 tax credit will be extended. As you know per my previous post the tax credit is set to expire on December 1, 2009. Well, some senate leaders are trying to get the program revived and extended until June 2010. The new proposal, however, calls for the tax credit to be extended to all home buyers not just first time homebuyers and would also increase the income requirements for those who qualify.
Just remember, none of this is final yet and if you had planned on buying a home this year and you are a first time homebuyer then you had better get moving as time is running out on the current tax credit.
I'll try and keep you posted on any new developments.
Scott
Our view of Northwest Ohio homes and other real estate from a company that gives back to the communities of Defiance, Henry, Paulding, Williams, Fulton and Putnam counties.
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