Will the $8,000 tax credit be extended past Nov. 30? <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="generator" content="WordPress 2.6" />  <link rel="stylesheet" href="http://mynewwesthome.com/blog/wp-content/themes/lust/style.css" type="text/css" media="screen" /> <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="http://mynewwesthome.com/blog/feed/" /> <link rel="alternate" type="text/xml" title="RSS .92" href="http://mynewwesthome.com/blog/feed/rss/" /> <link rel="alternate" type="application/atom+xml" title="Atom 0.3" href="http://mynewwesthome.com/blog/feed/atom/" /> <link rel="pingback" href="http://mynewwesthome.com/blog/xmlrpc.php" /> <link rel='archives' title='December 2009' href='http://mynewwesthome.com/blog/2009/12/' /> <link rel='archives' title='November 2009' href='http://mynewwesthome.com/blog/2009/11/' /> <link rel='archives' title='October 2009' href='http://mynewwesthome.com/blog/2009/10/' /> <link rel='archives' title='September 2009' href='http://mynewwesthome.com/blog/2009/09/' /> <link rel='archives' title='August 2009' href='http://mynewwesthome.com/blog/2009/08/' /> <link rel='archives' title='July 2009' href='http://mynewwesthome.com/blog/2009/07/' /> <link rel='archives' title='June 2009' href='http://mynewwesthome.com/blog/2009/06/' /> <link rel='archives' title='May 2009' href='http://mynewwesthome.com/blog/2009/05/' /> <link rel='archives' title='April 2009' href='http://mynewwesthome.com/blog/2009/04/' /> <link rel='archives' title='March 2009' href='http://mynewwesthome.com/blog/2009/03/' /> <link rel='archives' title='February 2009' href='http://mynewwesthome.com/blog/2009/02/' /> <link rel='archives' title='January 2009' href='http://mynewwesthome.com/blog/2009/01/' /> <link rel='archives' title='December 2008' href='http://mynewwesthome.com/blog/2008/12/' /> <link rel='archives' title='November 2008' href='http://mynewwesthome.com/blog/2008/11/' /> <link rel='archives' title='October 2008' href='http://mynewwesthome.com/blog/2008/10/' /> <link rel='archives' title='September 2008' href='http://mynewwesthome.com/blog/2008/09/' /> <link rel='archives' title='August 2008' href='http://mynewwesthome.com/blog/2008/08/' /> <link rel='archives' title='July 2008' href='http://mynewwesthome.com/blog/2008/07/' /> <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://mynewwesthome.com/blog/xmlrpc.php?rsd" /> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="http://mynewwesthome.com/blog/wp-includes/wlwmanifest.xml" /> <meta name="generator" content="WordPress 2.6" /> <link rel="stylesheet" type="text/css" media="screen" href="http://mynewwesthome.com/blog/wp-content/plugins/sociable/sociable.css" /> </head> <body class="wpd-lust"> <div id="header"><div class="wrap_center"> <h1><a href="http://mynewwesthome.com/blog/" title="ChicagoWord home page">ChicagoWord</a></h1> </div></div> <div class="clear"></div> <div id="menu"> <ul> <li class="page_item"><a href="http://mynewwesthome.com/blog" title="Home">Home</a></li> <li class="page_item page-item-21"><a href="http://mynewwesthome.com/blog/about-new-west-realty/" title="About New West Realty">About New West Realty</a></li> <li class="rss"><a href="http://mynewwesthome.com/blog/feed/" title="Subscribe to Feed">Subscribe to Feed</a></li> </ul> </div> <div class="clear"></div> <div id="page"><div class="wrap_center"><div class="wrap_float"> <div class="maincolumn"> <div class="banner"> </div> <div class="clear"></div> <div class="post" id="post-814"><div class="wrapper"> <div class="postmeta"> <ul> <li>Posted on: November 4th, 2009</li> <li>By: Luke</li> <li>Under: <a href="http://mynewwesthome.com/blog/category/good-to-know/" title="View all posts in Good to Know" rel="category tag">Good to Know</a>, <a href="http://mynewwesthome.com/blog/category/news-annoucements/" title="View all posts in News & Annoucements" rel="category tag">News & Annoucements</a>, <a href="http://mynewwesthome.com/blog/category/things-to-think-about/" title="View all posts in Things to Think About" rel="category tag">Things to Think About</a></li> </ul> </div> <h2><a href="http://mynewwesthome.com/blog/2009/11/04/will-the-8000-tax-credit-be-extended-past-nov-30/" title="Will the $8,000 tax credit be extended past Nov. 30?">Will the $8,000 tax credit be extended past Nov. 30?</a></h2> <div class="entry"> <p>The U.S. Congress is currently working on legislation that would extend the 1st time homebuyer tax credit. News that is perhaps even better is the prospect of not just extension of the tax credit, but expansion. </p> <p>From Boston.com:</p> <blockquote><p>“In addition to the extension, Congress is said to be working on a bill to expand the current tax credit to prospective homebuyers who already own a home. Under this proposal, existing homeowners who purchase a home after this bill is enacted may receive a tax credit of as much as $6,500 dollars. This would apply to prospective purchasers who have owned a home for 5 of the last 8 years.”</p></blockquote> <p><strong><a href="http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/firsttime_homeb_4.html" onclick="javascript:pageTracker._trackPageview('/outbound/article/www.boston.com');">Click here</a></strong> to read the full article from Boston.com. 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