Senate Approves Extension And Expansion Of Home Buyer Tax Credit

By Editor · on November 3rd, 2009 ·

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Senate Approves Extension and Expansion of Home Buyer Tax Credit

Senate Approves Extension and Expansion of Home Buyer Tax Credit

Last Night the Senate approved the Extension and Expansion of the First Time Home Buyer Tax Credit.  This should be a done deal by Friday, November 6th, 2009.  The new bill will allow for the Extension of the First Time Home Buyer Tax Credit through April, 30th, 2010.  Also the First Time Home Buyer Tax Credit will be Expanded to Move Up Buyers allowing them a $6,500.00 credit.   Here is CNBC’s Diana O’lick

Keep in mind, in order to extend and expand the First Time Home Buyer Tax Credit, the Senate had to attach it to the Bill extending Unemployment Benefits.  Still This will help Home Buyers throughout Northern Virginia to buy that first home, or go out and take advantage of these home prices and interest rates by buying a new home.  This will help the Northern Virginia Real Estate Market even though inventories are still low.

Northern Virginia Real Estate Times

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This entry was posted on Tuesday, November 3rd, 2009 at 4:44 pm and is filed under Alexandria Virginia Home Buyers, Arlington County Virginia Home Buyers, Clarke County Virginia Home Buyers, Fairfax County Virginia Home Buyers, Fauquier County Virginia Home Buyers, Frederick County Virginia Home Buyers, Loudoun County Virginia Home Buyers, Northern Virginia Home Buyers, Prince William County Virginia Home Buyers, Washington DC Home Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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