• Search Homes
    • My Account
    • Contact Us

Christina LynchChristina Lynch

Christina Lynch

888-896-5556
agent@stlexpert.com
  • Menu
  • Home
  • About
    • Reviews
  • Blog

Last Days of the $8,000 Federal Tax Credit

Could it be the end of the $8,000 Federal tax credit for first time home-buyers?  The one thing we know with certainty is the program is currently set to expire on November 30th.  Without action from Washington, time is of the essence in order to successfully complete a purchase transaction before the deadline.

Given the current mortgage and real estate environment transactions take longer to complete than they have in the past.  Bank owned and properties with positive equity are really the only options now as short sale properties typically take longer to negotiate and close.  While historically low mortgage rates, abundant inventory and low prices are attractive factors, the tax credit will soon be removed from the decision making process.

Lawmakers comment on extending and or expanding the Federal Tax Credit.  No formal action has been announced.

The House voted to extend the tax credit through 2010 for Military, Intelligence, and diplomatic personnel provided they were out of the country on active duty for at least 90 days in 2009.  H.R. 3590 now goes to the Senate and timing and process for its consideration are unknown.

Tax Credit qualifications
View qualifying property in metro St. Louis

Share this:

  • Click to email a link to a friend (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Posted in: Market Watch, Real Estate News Tagged: $8000, expire, first time buyer, last minute, program, property, Quick Links, real estate, tax credit

See what our clients are saying!

Post navigation

« $8,000 Federal Tax Credit deadline approaching
Tax Credit Officially Extended and Expanded »

Contact Expert, REALTORS

888-896-5556
agent@stlexpert.com

2 City Place Drive, Suite 200 St. Louis, MO 63141

Follow Us:

Featured Properties

Testimonials

© 2023 · Expert, REALTORS · 888-896-5556 · Agent Center · Sitemap · IDX Sitemap
Disclaimer - All Rights Reserved by findingstlouishomes.com

Terms And Conditions | Privacy Policy

Log in ·