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Tax Credit extended until next spring

Last week the administration extended the homebuyer tax credit. The tax credit, which was set to expire Nov. 30, has been extended through April 30, 2010 with a 60-day extension if a binding contract is in place prior to deadline. It also was expanded to include existing homeowners who have lived in their primary residences for five consecutive years out of the last eight years. This is nothing but good news for the housing market.

 

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