More Optimism Regarding the Tax Credit Extension

With the recent announcement from Wall Street investment firm Goldman Sachs Group that new U.S. home sales may jump 30 percent next year, has brought new optimism that the market is improving. Goldman Sachs Group has come to this conclusion because of continuing low interest rates and a very good probability that Congress will extend the first-time home buyer tax credit.

Supporters of the first-time home buyer tax credit say that it has helped stabilize the housing market. The credit applies to sales as of January 2009, and is good for 10% of the price of a home or up to $8,000. Since the tax credit is scheduled to expire on November 30, now is the time to purchase your first home.

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As a top Hoboken REALTOR, I can help you through the entire process of buying your first home. If you are looking for assistance in finding the perfect home in Hoboken, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.