Tax Credit Changes

This past Wednesday the U. S. House of Representatives passed legislation concerning the Homebuyer Tax Credit. The Senate approved it on Thursday, and the President signed the bill into law on Friday. This is of course tremendous news for first time homebuyers! Its also great news for people purchasing a different home. There is now a $6,500 credit available to some purchasers. To be sure, its an exciting time to be a home buyer.

Here is a summary of the changes from the National Association of Realtors, Government Affairs Division.

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