Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday.
Buyers who have owned their current homes at least five [...]

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The Federal Government had its citizens captivated with the anticipation of the Senate’s $15000 tax credit that was quickly rejected in committee.  This credit generously provided homebuyers – not just first-time homebuyers – with a tax credit of up to $15000.  Instead, negotiations on the bill increased last year’s $7500 housing credit by $500 resulting [...]

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Clearly the federal government wants its citizens engaged in the housing market again.  As part of the original 2009 stimulus package, a 15000 tax credit for homebuyers is emerging as an incentive for those who are considering this investment. The $15000 tax credit bill is yet to be a federal law, but its passage in [...]

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Congress created the $7500 tax credit incentive to help first time home buyers get into a home and stimulate the housing market and economy. Their rationale is that it will help stabilize home prices and increase home sales. First time home buyers purchasing a home between April 9, 2008 and before July 1, 2009 are eligible [...]

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