Senate Majority Leader, Harry Reid, wants to extend the time limit for homebuyers to qualify for the $8,000 tax credit to September 30th. Current terms required the buyer to complete a purchase by June 30th.
The $8,000 tax credit boosted sales this past Spring. First time homebuyers were limited to an $8,000 tax credit while current homeowners were limited to $6,500 tax credit.
The proposal is presented as an amendment to a bill that would extend jobless benefits through the end of November. The Senate is expected to take up the amendment next week. For current information about current market trends and homebuyer programs visit: www.RealEstateExpertsofFlorida.com
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