Well as we all know, last Friday our Prez signed signed into law a bill that includes an extension of the $8000 home buyer tax credit to April 30, 2010.
Expected is a 22 billion dollar contribution to our economy. More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years. Also, income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples. Qualifying home prices are capped at $800,000!
Click here to view NAR's chart of compiled facts regarding changes made to the current tax credit!!!
NAR estimates that approximately three million renters are now financially qualified to purchase a median priced home. Lawrence Yun (NAR chief economist) states, "“As long as buyers do not overstretch and stay well within their budget, a sizable pent-up demand can be tapped among financially qualified potential buyers..."
So if you are on the fence or just don't know if you qualify
GET THE FACTS
contact me and together we will see where you stand...
SEE YOU AROUND THE NEIGHBORHOOD!!!
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