Congress approved the extension of the first time buyer’s tax credit until April 2010.  Consumers buying a home for the first time in three years are eligible to receive up to $8,000 if they are under contract by April 30, 2010 and close on or before June 30. 

The most significant change is that a “repeat buyers” who are buying a new primary residence are eligible to receive a tax credit up to $6,500 beginning December 1 if they owned their home for five consecutive years in the previous eight. 

If you are considering making a real estate change, please contact me at Michelle@HarrisburgHouses.net or 717-623-8508.