Senate and House Approve Tax Credit Extension and Expansion!


*UPDATE: President Obama has signed the bill into law* First Time Home Buyers now have until April 30, 2010 to purchase a new home to be eligible for the $8,000 credit. Great news from Capitol Hill today as Congress has just passed legislation to extend the $8,000 First Time Home Buyer Tax Credit until April 30, 2010! The bill also provides new legislation for a $6,500 tax credit for Move-up or Trade-down buyers that have currently owned a home for at least five years. The legislation was added to an extension of unemployment benefits and was passed by the Senate on Wednesday night. President Obama is expected to sign the legislation into law Friday morning. View a brief summary of the tax credit extension and expansion legislation. Start your home search now!

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