In an early release today from RISMedia (see www.AustinMarketInfo.com) is the news that Congress has approved a new version of the tax incentive for home purchases:
Both incentives are available only to buyers of primary residences, not second homes or investment properties. Income limits were also increased beyond those in the current program, which ends November 30, 2009.
These incentives begin December 1, 2009 and will run through April 30, 2010, with a grace period for contract that are in place before April 30 and which close by June 30, 2010.
Feel free to call me or another real estate professional that you trust if you have any questions about this new program.