Nov/Dec 09

Industry professionals and analysts have called for an expansion and extension of the government's home buyer tax credit to help the key group of first-time buyers to become homeowners. The 2009 home buyer tax credit was set to expire November 30th, but the recent extension pushes that date out to April 30th, 2010.

Key points of this latest initiative?

-Increase in income limits to open up the credit to more qualified buyers

-Expansion of credit to include move-up home buyers

-New anti-fraud measures

Learn more about the new home buyer credits from the National Association of Realtors' Fact Sheet.