President Obama Signs Extended Tax Credit into Law

If you thought your time was running out to use the homebuyer tax credit, your luck just changed! Today, President Obama signed the bill into law extending the $8000 first-time homebuyer tax credit. In addition, this new law now includes a $6500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.

The National Association of REALTORS® has created a simple and helpful CHART that showcases the modifications - for more information, click here