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U.S. House passes Bill with Homebuyer tax credit Extended and expanded

This afternoon the bill extending the first time homebuyer credit passes the House with a 403-12 v0te.  The President is expected to quickly sign it into effect.

The $24 billion package also contains extension of the unemployment benefits. The IRS says some 1.4 million people applied for the homebuyers credit through August, according the the Business Report. The legislation would extend the program through June of next year, as long as the buyer signs a contract by the end of Apr.il. It also offers a $6,500 tax credit to those who have lived in their current residence at least 5 years.Howmbuyer Tax Credit Extended and Expanded

Comment balloon 4 commentsAnn Dail • November 05 2009 05:09PM

Comments

HA HA HA . . .  I blogged about this over an hour and 1/2 ago.  At the bottom, I wrote "Blog away" and so the stream of blogs are just hitting . . .

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) about 10 years ago

Great news for everybody!! 

Posted by Amanda Christiansen, Christiansen Group Realty (Christiansen Group Realty (260)704-0843) about 10 years ago

Great news for everybody!! 

Posted by Amanda Christiansen, Christiansen Group Realty (Christiansen Group Realty (260)704-0843) about 10 years ago

Carla, Jared, and Amanda,

It will be interesting to see how this affects our business in different parts of the U.S.

Posted by Ann Dail, Broker/Realtor,CRS, ePRO, SRS, B.A.Chem (Baton Rouge Area Homes, Louisiana, USA, 225-761-0551) about 10 years ago

Participate