Thursday, September 17, 2009
The White House is allowing for extending an $8,000 tax credit for first-time homebuyers.Spokesman Robert Gibbs says the administration's economic team is evaluate the tax credit's impact on new home sales and will make a recommendation to the president.
The federal tax credit covers up to 10 percent of the house price, or up to $8,000, for first-time buyers. Home sales must be complete by the end of November.
The tax break is credited with helping the number of U.S. home sales as increasing slowly. Builders and real estate agents say that trend could be reversed if the credit has not extended.
posted
by World House Info @ 2:38 AM
permanent link
|
Post a Comment
|
| Share |
|
0 Comments:
Post a Comment
<< Home