Good job Congress! Homebuyer tax credit is extended and expands to second home buyers!
Finally, Congress understood that our economy’s recovery depends on the recovery of housing and jobs market.
Congress has voted overwhelmingly to extend the $8000 tax credit to first time homebuyers for another 7 months and expanded the program to avail $6500 to secondary home buyers. This means that investors will get a boost in purchasing investment properties.
Moreover, Congress has extended unemployment benefits up to 20 weeks. So, this buys more time for people to work on getting a job and finds means to keep their homes.
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This entry was posted on Thursday, November 5th, 2009 and is filed under Investment Strategy, Real estate.You can follow any responses to this entry through the Comments Feed. Comments are currently closed, but you can Leave A Trackback.
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