Archives for November 2009

President Obama signs bill extending and enhancing tax credit

President Obama just signed a bill which not only extends the tax credit of up to $8000 for first time buyers to purchases  by April 30th, 2010 (and settlement by June 30th, 2010), but increases the income limits and offers existing homeowners who have lived in their primary residence for five of the last eight years a credit of up to $6500 as well.  The maximum home price is capped at $800,000.   Details are available here.