Shira Real Estate

Wednesday October 28, 2009 Senators agreed to Extend the Homebuyers Tax credit.  The credit was set to expire in just a few weeks, November 30, 2009 and that looming deadline created a freeze in the market. 

Buyers who were hoping to take advantage of the credit lost their incentive to BUY NOW and in the month of September new home sales fell 3.6 percent.  

For all you REALTORS and buyers out there, this extension will come as a great holiday gift!  Not only was the  credit extend until June 2010, but it was also expanded. The revised credit will now be available not only to first time buyers, a reduced credit of up to $6500 is now be open to repeat home buyers. 

Hooray!!! We can all celebrate this extension….thank you US Senate!

-Shira