$$ Home Buyer Tax Credit Extended & Expanded

$$ Home Buyer Tax Credit Extended & Expanded

The U.S. House of Representatives and Senate have passed new legislation to both extend and expand the home buyer tax credit. The new plan to stimulate the housing economy will reach more buyers than before and just needs to be signed into law by President Obama.

The new legislation extends the First-Time Home Buyer Tax Credit of up to $8000 until April 30, 2010. It also expands the program to include a tax credit of up to $6500 for current home buyers.

For more information on the expanded program visit the National Association of REALTORs web page at www.REALTOR.org.