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Obama Signs First-Time Homebuyer Tax Credit Extension

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The Senate has agreed to extend the first time home buyers tax credit. Approximately 1.5 Million first time home buyers have taken advantage of the rebate in 2009. The rebate allows first time home buyers to capture the $8,000 rebate. The Senators have agreed that the tax rebate be extended to April 2010.

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 · Home buyers wanting to purchase a short sale must have patience. Mortgage default rate continues downward trajectory Obama Signs First-time homebuyer tax credit Extension WASHINGTON (Reuters) – The Obama administration on Thursday pressed Congress to back a limited extension of a popular first-time homebuyer tax credit that is set to expire.

On Friday, President Obama signed into law an extension and expansion of the home buyer tax credit. To qualify, buyers must sign a contract before April 30, 2010 and close on the property by June 30, 2010.

This extension of the first time home buyers credit was a much needed break for many individuals looking to live that American dream. While many first time buyers were scrambling to sign the paperwork before the November deadline, they now have a renewed sense of hope and some much needed time to find exactly what they’re looking for.

While President Obama signed into law the extension on the First Time Homebuyer Tax Credit, the Unemployment numbers came in higher than expected. A whooping 10.2% compared to the expected number of 9.8%. We did have some good news.Home sales were up, most likely due to the First Time Homebuyer Tax Credit.

The Internal Revenue Service issued an estimated $37 million in questionable refunds to buyers using the first-time homebuyer tax credit, a federal audit conducted.

Senate Banking Chairman Chris Dodd wants to attach a six-month extension of the $8,000 first-time homebuyer’s tax credit to pending legislation extending jobless benefits. The credit is.

California home prices soar to new highs Luxury homes in the first quarter sold at the fastest pace ever for the first three months of the year. But sales of houses priced under $500,000 fell to a nine-year low, according to a recent.

It is finally official. The homebuyers’ tax credit has been extended to April 30, 2010. president barack Obama approved the extension as part of a $24 billion economic stimulus bill signed Friday.

WASHINGTON, Oct 29 (Reuters) – The Obama administration on Thursday pressed Congress to back a limited extension of a popular first-time homebuyer tax credit that is set to expire at the end of.