Obama Signs First-Time Homebuyer Tax Credit Extension

Here are five things you need to know about the development: [Will the $8,000 First-Time Home Buyer Tax Credit Be Extended?] 1. Missing out: The $8,000 first-time home buyer tax credit was part of.

Home Buyer Tax Credit Expansion Heads to Obama. It gives up to $8000 for first time buyers (defined as not having owned a home for the past three years) and up to a $6500 credit to move-up buyers who have owned and occupied their current homes for at least five years. Again, you have to be an owner occupant of this primary residence,

WASHINGTON (Reuters) – U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 homebuyer tax. mulling whether the credit should be extended as the Obama administration.

WASHINGTON (Reuters) – Thousands of individuals claiming the first-time homebuyer. the first-time tax credit, the watchdog report said. The Obama administration has not yet taken a position on.

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The billion bill, which the White House said President Obama will sign on Friday, would provide unemployment. The legislation would also extend through April 30 a $8,000 first-time home buyer.

It’s hard not to laugh when viewing the results of the federal first-time home-buyer tax credit. The credit, worth up to $8,000 for the purchase of a home, has only been available since April of.

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U.S. President Barack Obama has signed into law, HR 3548, the Worker, Homeownership and Business Assistance Act of 2009. The bill extends the present $8,000 tax credit for first-time homebuyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five.

President Obama today signed the Home Buyer Tax Credit. However, details are still sketchy, and it may be several days before certain provisions are clarified. The following christian science monitor article contains a link to a National Association of Realtors (NAR) summary of the program.

First-time home buyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But with that housing program scheduled to expire at the end of.

CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint IMF: U.S. Real Estate Sector Could Bring Banking Crisis 2.0. – According to an analysis by Realpoint, reported by HousingWire, delinquencies in commercial mortgage -backed securities (cmbs) in the US increased to 7.2%, and more than triple the rate a year ago.

The House of Representatives has voted to pass legislation extending the home buyer tax credit until April 30, 2009. Last night the Senate voted 98-0 to pass the legislation.