Wednesday, January 20, 2010

2010 Homebuyer Tax Credits

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

With the housing market still struggling to recover from the trashing it took over the last year, it's still a great time to buy a home. Did you know that you can get a federal income tax credit if you're a first time homebuyer? In fact, the federal income tax credit for has been extended and expanded. Instead of simply covering first-time homebuyers, the tax credit now includes homeowners who wish to "move on" and purchase a new home after 5 years of living in their current property. Understanding if you qualify for 2010 Homebuyer Tax Credits can be a little difficult. Thankfully, the video below, featuring Jim Gillespie, President and CEO of Coldwell Banker, gives some great information about the tax credits as well as some interesting facts about the housing market.

The housing sector is a vital part of our national economy. Did you know that every time a home is purchased, one job for the next 12 month period is created. Every time a home is sold, an average of $60,000 is injected into the local economy. The 2010 Homebuyer Tax Credits will greatly benefit new homebuyers, buyers looking to set up to a new residence and will inject some much needed life back into the housing market. Not only is buying a house good for the homebuyer and the seller, but it's good for our economy and America.

Visit my sponsor: 2010 Homebuyer Tax Credits

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