New Updates on Extending the $8,000 tax credit for First Time Home Buyers

Good News for First Time or Second Time Home Buyers in Bend, Oregon - Updates on Extending the $8,000 tax credit for First Time Home Buyers

According to CNBC, the extension of the First Time Home Buyer Tax Credit is making progress. The most recent update has the $8000 tax credit extended through the end of April. In addition, the Bill will included a credit for repeat buyers (those who have lived in thier home three of the last five years) of a primary residence. Repeat buyers would recieve a $6500 credit. According to CNBC, "Senate Banking Committee Chariman Christoperh Dodd stated that a deal has been reached." Additional specifics on the "deal" have not yet been reported and the "deal" still has to pass a vote.

Stay tunned for addittional updates on the Bend, Oregon real estate market and the $8000 first time home buyer tax credit.