Federal Housing Credit

Housing market prices are still low, rates are still very low and sales are increasing.  Is now the right time for you to buy your new home?

Many people are trying to purchase a property before the $8,000 housing credit expires in November.  Currently, if a property is not purchased by the end of November, you will not be able to get the $8,000 credit.  However, before claiming the tax credit, make sure that you have qualified for it and verify the amount that you can claim.  Even though you purchased a house, you may not qualify for the entire $8,000 credit as it is based on the amount of the house.

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