First time home buyer credit details
You need to act quickly – The present tax credit program for move-up and first time buyers expires this spring. Sales contracts must be signed by April 30. With low rates and lower home prices, this is the time to act. Even the Federal Reserve Board has stated that rates are likely to rise this spring as they begin to unwind their support of the mortgage markets.
The $8,000 Tax Credit: Where it goes
So you what to know what states are taking advantage of the $8,000 federal tax credit?
CNN has a cool page on their site that shows a breakdown of the states and how many buyers used the tax credit.
Home buyer tax credit details 09-10
Congress has extended and expanded the home buyer tax credit for 2009-2010, which is great news for sellers and buyers!
The modifications in the column labeled “December 1 – April 30, 2010” became effective when President Obama signed the bill. All changes made to the current credit become effective on that date, as well.