UPDATE! Home Buyer Tax Credit Extension

The House of Representatives approved legislation that would extend and expand the $8,000 tax credit for first-time home buyers. While there is more work to be done, a bill may reach President Obama for his signature by the end of this week. I will continue to monitor this situation to see if you may be able to benefit from the bill once it's finalized.

There are multiple factors that make the time to buy very attractive for most people right now.

• You have the extension of the 1st Time Home Buyer Tax Credit....
• The addition of a tax credit for step up buyers (see previous post)....
• The Federal Reserve left interest rates unchanged....
  With the nation's financial conditions "roughly unchanged," the Federal Open Market Committee decided to leave rates at the current zero to 0.25 percent for an extended period of time. The group said inflation was expected to "remain subdued".

There are also multiple FHA, government backed, financing options available that really make this a great time to buy.