Good News for First Time or Second Time Home Buyers in Bend, Oregon - Updates on Extending the $8,000 tax
credit for First Time Home Buyers
According to CNBC, the extension of the First Time Home Buyer Tax Credit is making progress. The most recent update has the $8000 tax credit extended through the end of April. In addition, the Bill will included a credit for repeat buyers (those who have lived in thier home three of the last five years) of a primary residence. Repeat buyers would recieve a $6500 credit. According to CNBC, "Senate Banking Committee Chariman Christoperh Dodd stated that a deal has been reached." Additional specifics on the "deal" have not yet been reported and the "deal" still has to pass a vote.
Stay tunned for addittional updates on the Bend, Oregon real estate market and the $8000 first time home buyer tax credit.
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Tina Merritt and Assoc. can be reached at email: tina@tinamerritt.com or 757-287-6338.
Our Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.
I thought they were voting on this last night but haven't heard anything today. This sure would be nice to extend this through April.
Good news, I've had so much activity the last three weeks with the credit set to expire. We need this extended....