The tax credit seems to be all the rage in the real estate world these days, and for good reason … it’s going to expire. See that ticker on the right side of your screen (if you’re on a mobile phone, apologies – you’ll just have to imagine it) – that ticker is counting down to the expiration date of the first-time buyer credit on November 30th. Any home buyer, who hasn’t owned a home in the last three years and who close on or before November 30th, is eligible for up to $8000 in tax credits. Anyone who closes AFTER November 30th gets … zero … nothing.
Will They? Won’t They? The White House Offers Little on the First-Time Buyer Credit
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