Congress passes $8000 home buyer tax credit extension & expands income limits

Posted by Michael DiMella on Thu, Nov 05, 2009

Major news out of Congress.  Today, the House voted 403-12 in favor of extending and expanding the $8000 first time buyer tax credit after the Senate did the same yesterday by a vote of 98-0.  The president is scheduled to sign the bill (which also includes provisions to extend unemployment benefits) tomorrow morning to officially make it law. (Update Nov 6: It was signed by President Obama today, officially making it law).

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Tags: taxes, buyers, housing market, the economy, Boston real estate, Boston condos

$8,000 First time homebuyer tax credit to expire on November 30, 2009

Posted by Michael DiMella on Tue, Aug 04, 2009

UPDATE (NOV. 5, 2009): Read this for information about the newly extended and expanded $8,000 home buyer tax credit which is is open to more than first time homebuyers and extended to May 1, 2010.

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Tags: taxes, housing market, Boston real estate

$8,000 home buyer tax credit can now be used at closing

Posted by Michael DiMella on Sat, May 30, 2009

UPDATE (NOV. 5, 2009): Read this for information about the newly extended and expanded $8,000 home buyer tax credit which is is open to more than first time homebuyers and extended to May 1, 2010.

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Tags: taxes, buyer

Buyers responding to $8000 first time homebuyer tax credit and all time low mortgage rates

Posted by Michael DiMella on Fri, Apr 10, 2009

Is now a good time to buy? 

Apparently many buyers are starting to think so.  With mortgage interest rates falling to their lowest recorded levels ever (4.78% on average according to the latest Freddie Mac survey) and the implementation of the new $8,000 first time homebuyer tax credit, Boston real estate market activity is starting to pick up.  As I briefly mentioned in my latest Boston condo pricing post, I have been seeing signs recently of a big uptick in market activity after being down throughout the winter.

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Tags: taxes, buying, the economy, Greater Boston

How the new $8000 first time homebuyer tax credit will work

Posted by Michael DiMella on Wed, Feb 18, 2009

UPDATE (NOV. 5, 2009): Read this for information about the newly extended and expanded $8,000 home buyer tax credit which is is open to more than first time homebuyers and extended to May 1, 2010.

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Tags: financing, taxes

$7500 First time homebuyer tax credit repayment likely to be eliminated

Posted by Michael DiMella on Thu, Jan 22, 2009

APRIL 10, 2010 - IF THIS IS YOUR FIRST TIME VISITING THIS BLOG, THANK YOU AND PLEASE NOTE: There have been a lot of visitors asking if the 2008 tax credit repayment was eliminated.  It has not been.  The information on this page refers to the NEW tax credits enacted in 2009.  If you purchased a home and took advantage of the $7500 tax credit in 2008, the repayment has not been eliminated.

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Tags: taxes

Obama vs McCain - Your taxes in 2009

Posted by Michael DiMella on Fri, Sep 19, 2008

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Tags: taxes

$7500 home buyer tax credit update - is it worth it?

Posted by Michael DiMella on Thu, Aug 21, 2008

This article in the Globe today asks "Is the $7500 first time buyer tax credit worth it?"

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Tags: financing, taxes

$7500 First time homebuyer tax credit

Posted by Michael DiMella on Wed, Aug 06, 2008

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Tags: financing, taxes