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I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
4800 Meadows Road, Suite 100
Lake Oswego, OR 97035
Congress Extends First-Time Home buyer Tax Credit
Congress has decided to extend the first time home buyer tax credit!
The new law will extend the $8,000 credit for first-time buyers for sales contracts entered in by April 30, 2010 and closed by June 30. New portions of the law include a $6,000 credit for owners of existing homes who are purchasing a new principal residence and a $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight.
Additionally, the income eligibility has been raised to $125,000 for individuals and $225,000 for married couples.
The expansion of the tax credit is supposed to generate 180,000 additional home sales in the coming year.
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