Senate extends and expands homebuyer tax credit <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-816"><div class="wrapper"> <div class="postmeta"> <ul> <li>Posted on: November 5th, 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/new-notable/" title="View all posts in New & Notable" rel="category tag">New & Notable</a>, <a href="http://mynewwesthome.com/blog/category/new-west-realty/" title="View all posts in New West Realty" rel="category tag">New West Realty</a>, <a href="http://mynewwesthome.com/blog/category/news-annoucements/" title="View all posts in News & Annoucements" rel="category tag">News & Annoucements</a></li> </ul> </div> <h2><a href="http://mynewwesthome.com/blog/2009/11/05/senate-extends-and-expands-homebuyer-tax-credit/" title="Senate extends and expands homebuyer tax credit">Senate extends and expands homebuyer tax credit</a></h2> <div class="entry"> <p><a href="http://mynewwesthome.com/blog/wp-content/uploads/2009/11/1555wabash.jpg" ><img class="size-full wp-image-818 alignright" style="margin: 6px;" title="1555wabash" src="http://mynewwesthome.com/blog/wp-content/uploads/2009/11/1555wabash.jpg" alt="" width="200" height="210" /></a>The Senate voted unanimously today to extend the homebuyer tax credit well into 2010 and to expand it to include more than first time homebuyers. The important details:</p> <ul> <li>First time homebuyers can still receive up to an $8,000 tax credit, just as before.</li> <li>Anyone who hasn’t owned a home in the last 3 years is eligible to receive up to an $8,000 credit.</li> <li>Buyers who have owned their current home at least five years would be eligible for a tax credit of up to $6,500.</li> <li>To qualify for the credit, buyers in all groups must sign a purchase agreement by April 30, 2010 and close on their new home by June 30, 2010.</li> </ul> <p>This information was obtained thanks to a <em>USA Today </em>piece (<strong><a href="http://www.usatoday.com/money/perfi/taxes/2009-11-05-homebuyer-credit-jobless_N.htm" onclick="javascript:pageTracker._trackPageview('/outbound/article/www.usatoday.com');">click here</a></strong> to read the full article). New West Realty has townhomes and condominiums all over the beautiful city of Chicago that will help you take advantage of the extended homebuyer tax credit! <strong><a href="http://mynewwesthome.com" >Click here</a></strong> to get started, and be sure to ask about our offer to match the tax credit at 1555 Wabash!</p> <div class="sociable"> <div class="sociable_tagline"> <strong>Share and Enjoy:</strong> </div> <ul> <li><a rel="nofollow" href="mailto:?subject=Senate%20extends%20and%20expands%20homebuyer%20tax%20credit&body=http%3A%2F%2Fmynewwesthome.com%2Fblog%2F2009%2F11%2F05%2Fsenate-extends-and-expands-homebuyer-tax-credit%2F" title="E-mail this story to a friend!"><img src="http://mynewwesthome.com/blog/wp-content/plugins/sociable/images/email_link.png" title="E-mail this story to a friend!" alt="E-mail this story to a friend!" class="sociable-hovers" /></a></li> <li><a rel="nofollow" href="javascript:window.print();" title="Print this article!"><img 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/></a></li> </ul> </div>  </div> </div></div> <div class="clear"></div> <div class="comments_template"><div class="wrapper">  <h3 id="comments">One Response to “Senate extends and expands homebuyer tax credit”</h3> <div class="clear"></div> <ol class="commentlist"> <li class="alt" id="comment-2116"> <div class="commentmeta"> <ul> <li><strong>Claudia</strong></li> <li><a href="#comment-2116" title="">November 5th, 2009 at 1:33 pm</a></li> </ul> </div> <div class="commenentry"> <p>I hope they extend the tax credit at least until August 2010. I am a “soon-to-be” first time home buyer and have plans to purchase around late July. This tax credit has definitely enticed my purchasing decision and even more so now that there is talk about an extension. I’m from the west suburbs but have seen 1555 Wabash. If my husband and I ever move to Chicago, a home there would be near the top of my list. I’m gonna keep my fingers crossed and hope I can find a tax credit match like that out my way. That is really a great deal.</p> </div> </li> </ol> <div class="comments_form"> <h3 id="respond">Leave a Reply</h3> <form action="http://mynewwesthome.com/blog/wp-comments-post.php" method="post" id="commentform"> <p><input type="text" name="author" id="author" value="" size="22" tabindex="1" /> <label for="author"><small>Name </small></label></p> <p><input type="text" name="email" id="email" value="" size="22" tabindex="2" /> <label for="email"><small>Mail (will not be published) </small></label></p> <p><input type="text" name="url" id="url" value="" size="22" tabindex="3" /> <label for="url"><small>Website</small></label></p>  <p><textarea name="comment" id="comment" cols="60" rows="10" tabindex="4"></textarea></p> <p><input name="submit" type="submit" id="submit" tabindex="5" value="Submit Comment" /> <input type="hidden" name="comment_post_ID" value="816" /> </p> </form> </div> </div></div> <div class="clear"></div> <div class="navigation"> « <a href="http://mynewwesthome.com/blog/2009/11/04/will-the-8000-tax-credit-be-extended-past-nov-30/">Will the $8,000 tax credit be extended past Nov. 30?</a> <a href="http://mynewwesthome.com/blog/2009/11/18/video-homebuying-tax-credit-explained/">Video: Homebuying tax credit explained</a> » </div> </div> <div class="sidebar"> <ul> <li id="calendar" class="widget widget_calendar"><h2 class="widgettitle"> </h2> <div id="calendar_wrap"><table id="wp-calendar" summary="Calendar"> <caption>November 2009</caption> <thead> <tr> <th abbr="Sunday" scope="col" title="Sunday">S</th> <th abbr="Monday" scope="col" title="Monday">M</th> <th abbr="Tuesday" scope="col" title="Tuesday">T</th> <th abbr="Wednesday" scope="col" title="Wednesday">W</th> <th abbr="Thursday" scope="col" title="Thursday">T</th> <th abbr="Friday" scope="col" title="Friday">F</th> <th abbr="Saturday" scope="col" title="Saturday">S</th> </tr> </thead> <tfoot> <tr> <td abbr="October" colspan="3" id="prev"><a href="http://mynewwesthome.com/blog/2009/10/" title="View posts for October 2009">« Oct</a></td> <td class="pad"> </td> <td abbr="December" colspan="3" id="next"><a href="http://mynewwesthome.com/blog/2009/12/" title="View posts for December 2009">Dec »</a></td> </tr> </tfoot> <tbody> <tr><td>1</td><td>2</td><td>3</td><td><a href="http://mynewwesthome.com/blog/2009/11/04/" title="Will the $8,000 tax credit be extended past Nov. 30?">4</a></td><td><a href="http://mynewwesthome.com/blog/2009/11/05/" title="Senate extends and expands homebuyer tax credit">5</a></td><td>6</td><td>7</td> </tr> <tr> <td>8</td><td>9</td><td>10</td><td>11</td><td>12</td><td>13</td><td>14</td> </tr> <tr> <td>15</td><td>16</td><td>17</td><td><a href="http://mynewwesthome.com/blog/2009/11/18/" title="Video: Homebuying tax credit explained">18</a></td><td>19</td><td>20</td><td>21</td> </tr> <tr> <td>22</td><td>23</td><td>24</td><td>25</td><td>26</td><td>27</td><td>28</td> </tr> <tr> <td>29</td><td>30</td> <td class="pad" colspan="5"> </td> </tr> </tbody> </table></div></li> <li id="text-177291682" class="widget widget_text"> <div class="textwidget"><a href="http://www.mynewwesthome.com/"><img src="http://mynewwesthome.com/blog/wp-content/uploads/2009/01/nwhome.jpg" border="0"></a></div> </li> <li id="categories-177291681" class="widget widget_categories"><h2 class="widgettitle">Categories</h2> <select name='cat' id='cat' class='postform' > <option value='-1'>Select Category</option> <option value="4">Chicago (23)</option> <option value="25">Environment (8)</option> <option value="11">Events (13)</option> <option value="282">Good to Know (9)</option> <option value="12">New & Notable (25)</option> <option value="3">New West Realty (7)</option> <option value="10">News & Annoucements (24)</option> <option value="14">Photos & Videos (4)</option> <option value="276">Things to Do (8)</option> <option value="13">Things to Think About (20)</option> <option value="48">This is cool! 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