The expiration of the first time home buyer tax is April 30th and so many buyers will be scrambling to get under contract before this date to qualify. It will be very interesting to see if there is an extension to this Tax Credit (again). If there is going to be an extension it is going to have to come very soon.
The housing market has shown signs of stabilization but there is still a long way to go. It will be interesting to see how the Obama Administration crunches the numbers when it come to the economy and home prices. Some markets still yet to recover and the tax credit may help if extended.
This is a great opportunity if you're looking to buy a home, but time is running out. Please contact me if you have any other questions regarding this tax credit or anything else related to home financing. I look forward to hearing from you.
J
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