Chris Galler, the Chief Operating Officer of the Minnesota Association of REALTORS, sent out the latest information on the Homebuyer Tax Credit extension.
The United States House of Representatives has just passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5. This bill extends the deadline for closing tax credit eligible transactions from June 30 to September, 30, 2010. The bill moves to the Senate where the outcome is much less certain.
It is looking less and certain the extension will happen. We’ll update the blog with information as it is released.
