The Official Online Weekly Newspaper of NAHB
With interest in the federal home buyer tax credit surging in the first three months of this year, the www.FederalHousingTaxCredit.com Web site has reached a milestone of 10 million visits.
Spurred by a sense of urgency in the face of the credit’s April 30 expiration date for signing a sales contract, the site logged about one million visits per month in January, February and March. NAHB created the site in July 2008.
“FederalHousingTaxCredit.com provides authoritative, unbiased information about the home buyer tax credit and has proven to be a valuable resource for consumers, members of the housing industry and others,” said NAHB Chairman Bob Jones. “NAHB went live with the site the same day the credit was signed into law in 2008, and it quickly became the Internet’s premier source of information about the credit.”
After meeting this month’s deadline, qualifying for the $8,000 first-time home buyer credit and the $6,500 repeat buyer credit also requires closing on the sale of the home no later than June. 30.
The site has recently been updated with a new section on the special rules that apply to the military, the foreign service and members of the intelligence community. The two deadlines have been extended by one year for qualified service members who are on official duty for at least 90 days — with a closing deadline of April 30, 2011.
“Home buyers need to remember, that even though the tax credit is about to expire, conditions remain ideal to buy a home,” said Jones. “There are plenty of existing homes on the market, interest rates are at near-record lows and prices are very competitive.”
For more information, e-mail Gwyn Donohue at NAHB, or call her at 800-368-5242 x8447.