Tax Credit is Extended!!
Great news for first time homebuyers! The governement has extended the first time homebuyer tax credit. If you are classified as a first time homeowner, that is, have not owned a home in the last 3 years, you are eligible for an $8,000 tax credit when you close escrow. As long as you are in contract by April 2010 you will get the credit.
This is great news for the industry and of course for first time homeowners!
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