This morning Bloomberg ran a story saying that the $8000 tax credit for first time home buyers will be extended through April 1, then phased out over the next three quarters.
Baucus and Reid made a proposal last week to Senate Republicans that would extend the homebuyer credit through 2010, Lachapelle said. First-time homebuyers who close before April 1 would get the full $8,000, and the credit’s value would be reduced by $2,000 in each successive quarter until expiring at the end of the year.
It is still being debated, so anything could happen. But it does appear to be some good news for Atlanta first time home buyers. Stay tuned.
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