SENATORS AGREE TO EXTEND FIRST TIME HOME BUYER TAX CREDIT!

Great news about the First Time Home Buyer Tax Credit!

The numbers now show this is really helping the market. Let’s get the rest of congress and the president to pass the bill!

 

WASHINGTON — Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent in September, and some industry representatives blamed uncertainty about the tax credit.

Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev.
http://www.wmur.com/money/21456362/detail.html