The first-time home buyers tax credit is nearing it end. If you wanted to take advantage of this credit, you would need to close on your purchase between now and Noveber 30th. It is estimated that up to 2 million first-time buyers are taking advantage of the $8000 tax credit this year-with 350,000 of those sales coming as a direct result of the credit.
There is a large push to expand and extend the credit, but we will have to wait and see.
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