From WSJ.com:
House hunting usually slows down this time of year, as people put their searches on hold during the holidays. This winter could be different, however, thanks to the extension -- and expansion -- of the first-time home-buyer tax credit. "We're going to see far more interest in the fourth quarter than we generally do because of the tax credit," says Heather Fernandez, vice president of Trulia.com, a real-estate search engine. Traffic surged on the site on Nov. 5, the day Congress approved the credit extension, she says. The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers.
This winter could be different, however, thanks to the extension -- and expansion -- of the first-time home-buyer tax credit.
"We're going to see far more interest in the fourth quarter than we generally do because of the tax credit," says Heather Fernandez, vice president of Trulia.com, a real-estate search engine. Traffic surged on the site on Nov. 5, the day Congress approved the credit extension, she says.
The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers.
Read it all.
Tags: first-time home buyer tax credit, denver properties, denver real estate, homebuyer tax credit
Denver Condos and Townhomes | Denver Real Estate Market News | first time home buyer tax credit | Homebuyer tax credit
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