Congress Expands Home-Buyer Tax Credit

President Obama is expected to sign into law an expansion and extension of the current new home buyer tax credit. Highlights of the expansion and extension are: eligible income level is doubled to $125,000 single, $225,000 joint, $6,500 credit available to repeat buyers, purchase agreements must be signed by April 30, 2010, and closings must be final by June 30. Read the details here: http://weblogs.baltimoresun.com/business/realestate/blog/2009/11/home_buyer_credits_pass_senate.html