With Us
Our Offices
Bridgehampton Office 631.537.3200
East Hampton Office 631.324.8080
East Hampton Annex 631.324.8080
Greenport Office 631.477.5990
Mattituck Office 631.298.0600
Montauk Office 631.668.0500
Southampton Office 631.283.5800
Westhampton Office 631.288.3030
Get In Touch

Main Content

Pres. Obama Signs Housing Bill

By Judi Desiderio, Saturday, November 07, 2009
Share This:

The United States Senate added tax credits for home buyers which include an extension on the $8000 first-time home buyer tax credit. The current tax credit was set to expire the end of this month but now has been extended through June on contracts signed by April 30th 2010. Additionally, the new bill includes a $6500 tax credit for existing homeowners who buy a new home after living in their current home for at least 5 years. Such stimuli for the US housing market shall surely add to the emergence of the next healthy market trend from the tips of Montauk & Orient Point to the shoreline of the West coast!