I just wanted to let you know that the House has voted overwhelmingly to extend the 1st time home buyer credit through April 30, 2010. All ratified contracts will have 60 days to close. There are some slight tweaks that were made with the extension of this programs but all in all it's a good thing and will hopefully keep things moving along in the housing market.
Please check my facebook page which has links to more information concerning this and other related topics.
I am pleased as well as just about everyone except the 12 who voted against the bills' extention. I just wonder where these people are from and why they were in opposition to it. Obviously I'm a bit biased because my lifeline is hanging in the balance but in all due respect this shouldn't have even been a concern.
Most of the people who are finding the opportunity to buy are doing so because it just makes good sense and that with rental rates moving up, the cost of home ownership has become too attractive. What I find is that these are the people who are not planning on appreciation but just see the value of investing in their future and realizing that they too can take advantage of tax advantages which home ownership offers.
Thursday, November 5, 2009
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