GOOD NEWS REGARDING THE TAX CREDIT EXTENSION

IT'S OFFICIAL - OBAMA HAS SIGNED THE FIRST-TIME HOMEBUYER TAX CREDIT EXTENSION TO APPLY TO ALL HOMES PURCHASED BY APRIL 30TH, 2010 AND CLOSED BY JUNE 30TH, 2010. EXISTING HOMEBUYERS WILL ALSO BENEFIT WITH A $6,500 TAX CREDIT IF THEY HAVE OWNED AND LIVED IN A HOME FOR THE PAST 5 YEARS AND PURCHASE ANOTHER HOME WITHIN THESE TIME LIMITS. INCOME LIMITS HAVE ALSO BEEN INCREASED TO $250,00 A COUPLE ($125,000 SINGLE). NOW IS A GREAT TIME TO THINK ABOUT BUYING A HOME WITH THE LOWEST INTEREST RATES SEEN IN DECADES AND HOME PRICES AT AN ALL-TIME LOW.