Davenport Iowa Real Estate

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First Time Home Buyer Tax Credit Extended until May 2010

Timely information about the First Time Home Buyer Tax Credit Program!

Will it finally get passed and signed into LAW???

How will this effect Real Estate in Davenport, Iowa???

Stay Tuned!!!

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®

Lucky Lang, SRES®

Licensed in Iowa & Illinois

Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA 52807-2585

Cell: (563) 676-9031 Fax: (563) 459-6720 Toll Free: (800) 791-8132 Ext. 2213

LuckyLang.com

Don't let this great Real Estate buying opportunity pass you by!!!

 

First Time Home Buyer Tax Credit Extended until May 2010, today November 3rd 2009

Today the U.S. House approved legislation that would extend the first time buyer tax credit of $8,000 from November 30th until May 1, 2010. It would also expand the bill to include move-up buyers (people who have owned a home for at least five years). They could get a $6,500 tax credit on the purchase of a new home.  Unemployment benefits were also included, and are supposed to continue for 20 more weeks.

The New York Times reported today that the Senate could vote on its version of the measure as early as Wednesday night and the House could take it up for final approval this week.   The house approval Tuesday would expand the homebuyer tax credit to apply to higher income Americans, relaxing the current income restrictions, so that more people would take advantage of the program.

What's the cost you ask?   The extension and expansion of the tax credit would cost an estimated $11 billion NOT including the $10 billion that has been spent on the current homebuyer tax credit.

Since the housing market has been the only thing (in my humble opinion) that has kept our economy alive (for several years before the real estate bottom dropped out) THIS MIGHT NOT BE SUCH A BAD THING TO START OFF OUR ROAD TO RECOVERY.

Now... if they could just relax underwriting approvals, removed HVCC, and get more people back to work with tax incentives for SMALL businesses (Instead of hiring more IRS auditors looking for more tax money), we would be on the road to recovery sooner rather than later.

To take advantage of the amazing deals right now in the TAMPA BAY AREA, just call or email me for more information (813) 777-1196.

Katrina Madewell

For info about Real Estate Anywhere in the World, please call:

LUCKY LANG, VOTED FAVORITE REALTOR®

Lucky Lang Davenport Iowa Real Estate for Sale

Lucky Lang, SRES®, RFC, M.I.S.

Licensed in Florida & Iowa

Premiere Plus Realty, 886 Park Ave. #103, Marco Island, FL 34145

Cell: (563) 676-9031

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Don't let this great Real Estate buying opportunity pass you by!!!

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First Time Home Buyer Tax Credit Extended until May 2010
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