The deadline for the current $8000 credit for First Time Homebuyers is looming on Nov. 30th. There is talk of this deadline being extended for another 6 to 12 months if the federal deficit doesn't get in the way.
Here's a good article giving more details on this possibility — what parts of the credit would continue and for whom.
2 thoughts on “Tax Credit for First Time Home Buyers Could Be Extended”
October 8, 2009
The biggest problem faced today is foreclosure of investment property with recession implementing taxes representing the difference between value of the property with the original value
October 22, 2009
The duration of tax credit is extended for the first time buyers in the market , these can be the positive impact on investment demands .