Are you planning to buy your first home? This might be the best time for you to buy the home that you have been longing for. When you are first time home buyer or have not owned a home for the past 3yrs then, this opportunity is for you. Since the first time home buyer tax credit that was due to November 30th of 2009, is extended until April 30th, 2010. What it does to the first time home buyers is it increases the Income Caps to $125K for individual and $225K for a family and you must not owned a home for the past 3yrs. This real estate bailout is really a good thing for economy and real state industry. It is also expanded the first time home buyer tax credit to move up buyer who lived in a principal residence for atleast 5yrs and the new home price is must be under $800K. And since that the real state is 21% of America's gross domistic product, it lead the country out of every major downturns and recessions since 1950's and because of that, in every home sold it creates 1 job over the next 12 months. As what we have heard that alot of people has lost their jobs, so this opportunity is not only good for the first time home buyer but it also helps the economy recover, which is what we really need this time. So hurry while opportunity lasts till the 30th this month and for more info take time to watch this video:
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