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Thu Nov 5
Cha-Ching Well they did it.  Today the Senate passed a bill to extend and expand the home buyers tax credit which should be a wonderful thing for the real estate business.  Maybe this will jump start things and it will actually have legs.  The 8K dollar tax credit basically stayed the same except now you have until April 30 to sign a purchase agreement and July 1st to close the deal. They also expanded the bill to help current home owners who buy something new during the same time period.  The expanded credit goes up to $6,500 and you must have owned your home for at least 5 consecutive years during the past 8 years.  We still need Mr. Pres to sign it but in this case that is just a formality.  All the precise details are not out yet but if you’d like to read more about it here’s an article.   http://www.google.com/hostednews/ap/article/ALeqM5hJJraNRE6DjWj2orF7SYJ12PADEAD9BPKTA80

Cha-Ching

Well they did it.  Today the Senate passed a bill to extend and expand the home buyers tax credit which should be a wonderful thing for the real estate business.  Maybe this will jump start things and it will actually have legs.  The 8K dollar tax credit basically stayed the same except now you have until April 30 to sign a purchase agreement and July 1st to close the deal. They also expanded the bill to help current home owners who buy something new during the same time period.  The expanded credit goes up to $6,500 and you must have owned your home for at least 5 consecutive years during the past 8 years.  We still need Mr. Pres to sign it but in this case that is just a formality.  All the precise details are not out yet but if you’d like to read more about it here’s an article.   http://www.google.com/hostednews/ap/article/ALeqM5hJJraNRE6DjWj2orF7SYJ12PADEAD9BPKTA80