tax credit

Service Members Get Tax Credit Extension

April 27, 2010

Service Members Get Tax Credit Extension As you should already know, the $6500/$8000 home buyer tax credit is ready to expire in about four days, potentially taking with it much of the motivation for buying a new home and making a lot of people wonder what the real estate market will look like come May [...]

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The End of the Tax Credit…Again.

April 2, 2010

The End of the Tax Credit…Again. As you may recall, The Worker, Homeownership, and Business Assistance Act of 2009 extended the $8000 tax credit for first time home buyers and also created a $6500 tax credit for repeat home buyers. Depending on who you talk to, this program has been successful in stimulating home sales [...]

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Home Buyers Tax Credit Video Summary

December 9, 2009

Ryan Raveis, Vice President of Sales and Marketing for William Raveis Mortgage, summarizes the new tax credit for home buyers and homeowners including eligibility, income limits, and program specifics. If you have any questions about the new tax credit, please call The Harriman Team at (203) 672-4499, or email us at realestate@theharrimanteam.com. addthis_url = ‘http%3A%2F%2Fwallingfordwired.com%2F2009%2Fhome-buyers-tax-credit-video-summary’; [...]

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Surprise! $8000 Homebuyer Tax Credit is Officially Extended and Expanded

November 6, 2009

I know, for the past 48 hours or so you’ve been seeing blogs all across the Interwebs shouting from the rooftops that the $8000 Homebuyer Tax Credit has been extended, expanded, retooled, rebuilt and pretty much made into the Six Million Dollar Man (actually, it’s closer to 10.8 Billion Dollars, man). But, as well-meaning as [...]

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$8000 Tax Credit Update

October 14, 2009

The deadline for qualifying for the $8000 tax credit for first time home buyers is rapidly approaching. By “deadline”, I mean both the date the credit actually expires, November 30th, and the date that you should be under contract to buy that new home by, which for all intents and purposes is this Friday, October [...]

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Congress Looks to Extend Home Buyer Tax Credit

August 26, 2009

As we wrote about here, the current $8000 tax credit is quickly approaching its end, but there is a new bill being considered in Congress that would expand and extend the current credit greatly. HR 2801, The Home Ownership Moves the Economy (HOME) Act of 2009 would extend the availability of the credit through 2010, [...]

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First Time Home Buyer Tax Credit Deadline Looming

August 7, 2009

We’ve been reading a lot lately about the $8000 tax credit for first time home buyers and how it’s affected the housing market – or not, depending on whose opinion you read – and the gist of most posts nowadays is how fast the deadline is approaching for people to take advantage of it. The [...]

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FHA to Allow Use of $8000 Tax Credit for Down Payments

May 12, 2009

Image via Wikipedia [NEW UPDATE: It appears that this program was announced prematurely, as the mortgagee letter has been removed from the HUD web site. There has been no word if the program is dead or alive, and at this point the real estate and mortgage communities are in a "wait and see" mode until [...]

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Highlights of Revised $8000 Tax Credit

February 19, 2009

President Barack Obama signed the American Recovery and Reinvestment Act into law Tuesday, which is great news for first time home buyers. We’re sure that some of you may have questions as to how it will affect you, so we have listed here the highlights of the bill: The tax credit is equivalent to 10% [...]

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$15,000 Tax Credit Out, $8,000 Tax Credit In.

February 12, 2009

Here is the wording of the section of the new H.R. 1, THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 that deals with the proposed $15,000 tax credit: “Refundable First-time Home Buyer Credit. Last year, Congress provided taxpayers with a refundable tax credit that was equivalent to an interest-free loan equal to 10 percent of [...]

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