The Housing Tax Credit Will Not Be Extended a Third Time

 The housing tax credit gives first time homebuyers $8000, and move-up buyers $6500. However, buyers must sign a contract by April 30th and close by June 30, 2010 to qualify.

Now is the time to start thinking seriously about buying a home.

According to the LA Times, “Proponents of the $8,000 credit for first-time buyers and the $6,500 credit for move-up buyers made it clear during the debate on Capitol Hill that the benefits would not be renewed when they expire. And a lobbyist for the National Assn. of Realtors confirmed that at the group’s annual convention last month.”

This may be your last chance to get these tax credits.