We have just received word that the Senate has voted to approve a bill this week that would extend the $8,000 tax credit through June of 2010. The “Dodd-Lieberman-Isakson” amendment would also extend the credit to NON FIRST TIME buyers as well. The non first timers will get $6,500 but still that is nothing to sneeze at. I will send out more information as it becomes available. There is a catch on the dateline. The buyer has to have a signed contract by the end of April 2010 and then they have to close by the end of June 2010.
This is a bold move to stimulate home sales through the traditional slower winter months and I for one welcome and applaud it. I will keep you upated as the bill moves towards becoming law.