Good News! Extending the tax credit for first-time homebuyers is being considered by the Obama Administration!
According to spokesman for Obama’s economic team, Robert Gibbs, the team is evaluating the impact that an extension of the tax credit would have on home sales in order to make a presentation to the president.
As of now, the tax credit covers up to 10% of the new home price up to $8,000 and is scheduled to end on November 30, 2009.
So, just in case the extension falls through, first time homebuyers interested in receiving the tax credit should act now, in order to close by the end of November!
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