Buyers are calling me to get more info about the tax credit extension! This is great news. The credit extension should help the market significantly. I am especially excited about the new $6500 credit for existing homeowners who buy another primary residence. Many of my clients were upset to find out that they did not qualify for the credit thefirst time around. Existing homeowners make up about 80% of our market so I expect this new credit will be taken advantage of on a much larger scale.
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