Recent Posts: Taxes

The New Tax Credit – Not Limited to First Time Buyers

The $8,000 tax credit scheduled to expire November 30, 2009 has been extended. Now a purchase agreement can be entered into up to May 1, 2010, as long as the transaction closes no later than July 1, 2010. It continues to cover first time home buyers, but has also been extended to include certain existing […]

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First Time Home Buyer Tax Credit at a Glance

The loss of the new home buyer down payment assistance/gift program in mid-2008 couldn’t have come at a worse time. With the real estate market already slowing dramatically, the disappearance of the most valuable incentive to purchase a new home hit builders hard in the third and fourth quarter of last year. The replacement for […]

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