Senate Overwhelmingly Approves Homebuyer Tax Credit Extension

As predicted, the Senate approved the extension of the Home Buyers Tax Credit until April 2010.

The approval is as follows:

1. $8,000.00 for 1st time buyers
2. added $6,500.00 for “Move-up” buyers
3. An increase in qualified incomes were doubled from $75,000.00 to $125,000.00 for a Single purchaser and from $150,000.00 to $225,000.00  for Couples.

The extension passed the Senate 98 to 0…a true bipartisan message.

The extension is expected to pass through the House with haste and be “rubber stamped” by President Obama by this weekend.

Bravo to the Dems and Elephants for getting on the same page.

Take Action on this opportunity.

Kris Darney