The $8,000 home buyer tax credit set to expire on November 30, 2009 has been given new life. This credit will now be extended until April 30, 2010 and expanded to include a $6,500 credit to buyers who have lived in their current home five or more years.
There are a few limitations, but this should help sales through the seasonally slow winter months. However, we could debate the long-term benefits and/or consequences.
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