The $8,000 First Time Home Buyer Tax Credit was recently extended to April 30, 2010. And Congress created a new $6,500 long-term homeowner Home Buyer Tax Credit which should help real estate markets across the nation. But the effect on MA home values should be especially strong because the local market has been in recovery mode since last March.
Trade-up and trade-down home buyers take note: if you’ve been in your current Massachusetts home for a number of years and qualify for the tax credit, now looks to be a good time to make that move you’ve been thinking about!
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