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New $6,500 federal tax credit for ‘move-up’ home buyers may benefit you in #realestate

[caption id="" align="alignright" width="210" caption="Image via Wikipedia"]The western front of the United States Capitol...[/caption]
If you fit the criteria and are considering buying another house in the coming year, you might want to speed up the process and close by the June 30 expiration date. Take a close, hard look at the new $6,500 federal tax credit for so-called move-up home buyers that passed the Senate and House recently. Though it's been getting second billing to the original $8,000 credit for first-time purchasers -- now extended by Congress through June 30 -- the $6,500 credit for current homeowners just might have your name on it. Read more...
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