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I ran accross this article today and thought it might be worth posting. http://www.usnews.com/blogs/the-home-front/2009/06/12/will-the-8000-first-time-home-buyer-tax-credit-expand-to-15000.html quote:In an effort to jump-start the ailing housing market, Sen. Johnny Isakson, a Republican from Georgia (and a former real estate professional) has introduced legislation that would beef up the tax credit for first-time home buyers. Under the terms of his bill, which was introduced Wednesday, the size of the credit would expand to a maximum of $15,000 from the previous cap of $8,000, and it could be taken by anyone who buys a primary residence, instead of only by first-time home buyers. The bill would also remove the income limits that had prevented individuals making more than $75,000 a year from claiming the credit, which would be available for a year after the date of the bill's enactment. I highly doubt it will pass as the spike in mortgage rates seems to be falling again now. The only thing I worry about now is the effectivity dates. I would hate to have this pass next year and see my race to close before December 1st end up hurting me.
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# ¿ Jun 19, 2009 15:29 |
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# ¿ Apr 30, 2024 13:01 |