What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Senate Approves Extension of June 30th Tax Credit Deadline
✉️ Want to forward this article? Click here.
The Senate has approved a proposal that would extend the June 30th deadline by which buyers who took advantage of the $8K federal tax credit have to complete their home-buying transaction. The measure would extend the closing deadline to September 30th.
The real estate lobby is likely happy with this development. According to the National Association of Realtors, a good chunk of home buyers who took advantage of the credit bought homes that were either short sales or in foreclosure. As UT readers know, these transactions often take longer to close than the normal home-buying process. As such, many buyers are in danger of not meeting the June 30th deadline.
The measure is part of a larger tax-related bill that will likely be voted on later this week in the Senate, then would go to the House.
See other articles related to: federal tax credit
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/senate_approves_extension_of_june_30th_tax_credit_deadline/2176.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro