Great News Everyone… the First Time Homebuyer Tax Credit due to expire the     end of November has been extended and expanded!!...

·       It appears that the 'tax credit' for $8,000, which is due to expire Nov 30th will be extended. The Wall Street Journal reports today that:  

·        $8,000 first time home buyer will stay til July 1, 2010.

·        Existing homeowners will get a credit for up to $6500 on buying another home if you have been in your home at least five consecutive years. This does not apply to investment property.

·        This is great news for the move up housing market.

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Isi Wu… the realtor for you…

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