Congress has extended and expanded the Home Buyer Tax Credit and expanded it to include 1st time buyers and some 'move up' buyers who already own homes. The bill, 'The Worker, Homeowner, and Business Assistance Act of 2009, was signed into law on Nov. 6, 2009. Information is available at the IRS website: http://www.irs.gov/newsroom/article/0,,id=204671,00.html This is good news for buyers who were trying to take advantage of the tax credit, but were not quite ready to buy, or were … [Read more...]
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Home Buyer Tax Credit Extended – Nov 6, 2009
Filed Under: Buying and Selling Real Estate, Market Updates Tagged With: 1st time home buyer, Buying a Home, Philadelphia real estate, Tax Credit
“Is the Recession Over?” and Other Questions About the Philadelphia Real Estate Market
It's Labor Day, the end of summer, and the one year anniversary of the federal government take over of Fannie Mae and Freddie Mac. Just a year ago the world was on the brink of world wide financial collapse. So, how are we doing now? Client and friend continually ask me about the path we are on in the real estate market. These are my answers. Is the recession over? No. The economy is relatively stable here in Northwest Philadelphia, still there are signs of recession all around. I … [Read more...]
Filed Under: Market Updates Tagged With: $8000 tax credit, 1st time home buyer, buying a home in Philadelphia, NW Phiadelphia real estate, Philadelphia, Philadelphia real estate
