President signs homebuyer tax credit extension
T oday, the homebuyer tax credit extension was signed as expected by President Barack Obama.
Real estate leaders at the Urban Land Institute fall conference in San Francisco believe the tax credit has helped boost home sales and prices during the past several months. The extension and expansion of the credit is expected to buoy the housing market until next summer.
In metro Phoenix, the area’s median home price has slowing been ticking up since April.
Now that many homeowners can tap the credit to buy other homes, it could help the Valley’s ailing luxury market. …
