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  • Tax Credit Deadline Extended; Flood Insurance Program Reinstated

    In a letter from Vicki Cox Golder, the current National Association of Realtors® We learn some good news coming from congress.   To: All REALTORS®  From: Vicki Cox Golder, 2010 NAR President Date: July 1, 2010 Re: NAR Update:  Tax Credit Deadline Extended; Flood Insurance Program Reinstated Dear fellow ...
    Posted to Chris Wood (Weblog) by 587686 on July 1, 2010
  • Wait! Hold That Last Post!

    If you read my last post about the possibility of Congress extending the tax credit you will understand the latest rush to get that offer in on properties out there.  Buyers are out in full force - at least, the ones who haven't found what they are looking for yet.  As a quick amendment to my previous post, Congress has moved ahead ...
    Posted to Chris Wood (Weblog) by 587686 on April 14, 2010
  • Tax Credit Extended...?

    Don't Count on it.  While it is clear that the first time home buyer tax credit in it's current form has proven to be a decent stimulus package for the housing industry, it is unlikley that it will be extended.  Primarily as it is seen to have done it's job, to extend it longer would be to invite it's misuse on a large ...
    Posted to Chris Wood (Weblog) by 587686 on April 10, 2010
  • Deadline Looms...

    As the end of April approaches, buyers start coming out of the woodwork like termites! Ahh, how we love to procrastinate! But there is hope - if you have not found the home of your dream and you would like to get that First Time Home Buyer Tax Credit, there is still time - but you had better hurry.  To be eligible, you must have a ...
    Posted to Chris Wood (Weblog) by 587686 on April 5, 2010
  • No longer just a Bill - It's official!

    On November 6, 2009, Presidnet Obama signed into law the extension of the $8,000 tax credit for first time home buyers.  This law has a few additional perks, though, for some move up buyers!  Along with extending some unemployment benefits for several hard hit areas of the country, it also adds a tax credit of up to $6,500 for qualified ...
    Posted to Chris Wood (Weblog) by 587686 on November 9, 2009
  • Tax Credit Extension and Expansion (Updates)

    The House and the Senate have both passed legislation to extend the $8000 first time home buyer tax credit and to add an additional $6500 for move up buyers provided they have lived in their home for at least 5 years.  Home prices were capped at $800,000!  This passed quite easily and quickly through both houses and President Obama is ...
    Posted to Chris Wood (Weblog) by 587686 on November 5, 2009