Early this month, Congress extended the deadline by three months of a popular home-buyer tax credit that has helped fuel the real estate market in recent months.
The extension is only for those buyers who signed a purchase contract by April 30 and need extra time to close their deals. The deadline to close will now be Sept. 30. The incentive offers up to $8,000 for certain buyers.
The National Association of Realtors estimates that a total of 4.4 million people have received the credit since it was made nonrefundable last year. That includes 2.9 million first-time buyers and 1.5 million repeat buyers, the group said.
Showing posts with label Congress extends tax credit. Show all posts
Showing posts with label Congress extends tax credit. Show all posts
Friday, July 16, 2010
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