Home Buyer Tax Credit Extended

NEW YORK - OCTOBER 31:  Traders work on the fl...

Image by Getty Images via Daylife

President Obama has approved the extension of the $8000 first time home buyer tax credit as well as a $6500 credit for repeat or move-up home buyers who have lived in their primary residence for five years or more. The credits will now end on may 1st.

There are a few stipulations to both credits but with low interest rates it is still a great time to buy property.

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