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Posts Tagged ‘President Obama’
Tuesday, November 17th, 2009
 Recently the President signed new legislation, the Worker, Homeownership, and Business Assistance Act of 2009. This new law extends the home buyer tax credit and expands it to some current homeowners. This law is not only an important step to keep the momentum going towards ensuring a real estate recovery, but also offers another great reason for buyers to purchase and sellers to list a home before Spring 2010!
We believe the substantial rise in home sales over the past few months will continue, and proves the tax credit is working and is being used by buyers who were waiting for the right opportunity to purchase a home. Extending and expanding the home buyer tax credit now enables even more families to take advantage of current low interest rates, large housing inventories, and affordable prices to invest in their future through homeownership.
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Monday, November 9th, 2009
 The Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for five of the past eight years. Home prices are capped at $800,000.
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