New Home Buyer Tax Credit Could Expand to All Home Buyers

According to an article previously posted in BC Real Estate section stating that the allocated funds for the New Home Buyer Credit were running out.  On June 22.. another article was posted.. originally in USA Today about an expansion of the home buyer tax credit.

The Bakersfield California article was recently updated but did not reflect any of the information about the expansion of the tax credit.

The expanded tax credit it would go beyond the original date of March 1, 2010. The home buyer tax credit also would be available to more than just new home buyers.. it would be available to all home buyers and there may even be a tax credit for those who refinance.

According to USA Today..

Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market. Read the rest of the USA Today Article