++ Tax Credit for New Homebuyers! GREAT OPPORUTNITY!

From Vic Kaspar, lead broker at the Kaspar Team and RE/MAX Executives:

Here's great news for First Time Home Buyers in the Raleigh Real Estate market: Tax Credit of up to $7,500 off Federal Taxes for anyone who buys a home from April 9th, 2008, and July 1st, 2009! Imagion the rush this November and December to by Cary Real Estate, Raleigh Real Estate, Apex Real Estate, the entire Triangle, to get back $7,500 in a few months as added tax money back! A check from the IRS back to you! You can buy a lot of furniture, appliances, and household items with the Federal Tax Credit money.

The House passed the bill this Wednesday, July 23rd, 2008, and the Senate is expected to pass the proposal in coming days, sending it to President Bush. The president on Wednesday dropped a veto threat over a portion of the bill.

Lawrence Yun, chief economist for the Realtors, said that the housing rescue bill should play a major role in helping the housing market to rebound. He said an especially significant feature is a tax break worth up to $7,500 for first-time home buyers who purchase between April 9 of this year and July 1, 2009, as reported on www.kasparteam.com blog.
Yun estimated that up to 3 million first-time home buyers could qualify for that tax break, providing a significant boost to sales at a critical time. That 3 Million could mean 60,000 to 100,000 additional sales in North Carolina alone. And since Raleigh, Durham, Cary are the 2nd largest market in North Carolina, this could translate into an additional 30,000 plus homes sold in Raleigh Real Estate alone if this federal bill is signed by President Bush this month.
"I think we are very near to the end of the housing downturn," Yun said.