Tax Credit Cut to $ 8000.00

In the haste to past the Stimulus Bill through Congress, the 1st time homeowners tax credit was not increased to $ 15,000. as expected.

It was previously $ 7500. and was due to expire this summer. Instead the number has been increased to $ 8000. and this will be available until August, 2009. It is unfortunate that amount was not increased as lots of realtors expected this to be an incredible boost to our spring and summer sales. This was reported this morning on CNBC.