$8,000 Federal Philadelphia Real Estate Tax Credit
Philadelphia Real Estate
$8,000 Federal Tax Credit Now In Focus
According to Alan Heavens of the Philadelphia Inquirer the full effect of the expired $8,000 first time home buyer tax credit is now in focus. Nationally the Federal $8,000 tax credit helped increase pending home sales for the third consecutive month. Lawrence Yun, chief economist for the National Association of Realtors said the Federal tax credits brought an additional one million buyers into the market nationally. In Philadelphia and the surrounding 8 counties pending sales rose 21.6% in April 2010 as compared to March 2010 and were 47% higher compared to April 2009.
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
www.CenterCityTeam.com
