Real state is probably one of the secure investment. And by now you probably heard about the great deals that real state industry has to offer. If you are currently looking to buy a home that you dream of, this probably the best time to buy it, because the Home Buyer Tax Credit that was due to expire last November 30th, 2009 is extended for the first time home buyer, or have not owned a home for the past 3 years to benefit the $8000 tax credit.
What it does to the first time home buyer is to increase the income caps, to $125,000 for the individual, $225,000 for family and must not have previously owned for the past 3 years. And you can purchase a home up to the limit of $800,000.
Real state is 21% gross domistic product in a country according to the joint center for housing studies, everytime home sold in this country, creates 1 job over the next 12months period and it can contribute for the recovery of the economy.
There may no future extensions, so all qualified home buyers are urged to act before the tax credit's deadline by april 30, 2010 and property must be closed by June 30, 2010. And if you want to learn more watch please watch this video.
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