Source: Newhomesection.com
The $8,000 tax credit had been extended to April 30, 2010. That means that homebuyers must purchase a home before April 30, 2010 and close by June 30,2010. Depending if home buyers are looking for a ready-to-move-in home or build a new home, they have a little over a month to get new home contracts started. For FieldStone Homes in San Antonio, buyers that want to build a new home have to have all complete paperwork by March 31, 2010 to ensure completion by June 30,2010. FieldStone Homes can help buyers make that happen!
According to this article, it says that the The $8,000 tax credit for first-time home buyers should entice some first-time home buyers to “jump-in” and buy a home, but it may prove to do little in increasing overall demand as first-time home buyers represent a small percentage of the entire market. Only time will tell if the tax credit is effective. (Read more)
I can tell you one thing, I know the tax credit has enticed a good handful of my friends to buy new homes, pre-owned homes and build new homes for themselves!
