November 5, 2009
It looks like Congress is about to extend and expand the homebuyer tax credit.
Credits up to $8,000 for first time buyers will remain and credits up to $6,500 for existing home owners will be added. A purchase agreement must be signed by April 30, 2010 and the transaction must close by June 30th. These incentives apply to principal residences only… sorry, no vacation homes.
The Associated Press has the story.