The NEWS is out!! The Tax Credit to help rejuvenate and revitalize our housing market has been EXTENDED!! With this extension, the Senate sought and was successful in opening up more opportunities outside of first time homebuyers to buy up. Here are some of the highlights:

First Time Homebuyer credit is extended until 2010 with the bulk of the $8,000 to be available for closings through April, 2010. The credit then lowers by $2000 for each quarter afterward. But that means that you still receive a huge credit regardless of when you buy in 2010.

Homeowners that have been in their home for 5 plus years have the opportunity to qualify for $6500 in credit if you buy in 2010.

Income levels were raised to $125,000 single and $250,000 couple that can take advantage of these new incentives.

Why is this amazing? Where in the history of our current housing markets has the government given us the ability to benefit from buying a home. This incentive gives the home buyer a wonderful opportunity to buy in a market that has now, for the most part, readjusted itself to reasonable price points. Additionally, in most markets, if you take the cost of the land and factor in the cost of building material houses in more than a majority of areas are below market value.

For some, there is no right time to buy. For others it is a matter of seeing the benefits that are available and using them to upgrade your lifestyle. We all feel the effects daily of bad loans from years past and hits on us from the economy. But remember HOME OWNERSHIP has been and always will be an American Dream! What is stopping you?

Call or email me with any questions on the current real estate prices and market trends. I am at: 480-677-9575; helena.ann.kaucheck@gmail.com. It's never the WRONG time to find out more information!!

*Helena Kaucheck works for West USA Realty Revelation. She is a multi million dollar producer and is experienced in all areas of the real estate transaction. She has successfully navigated through resales, short sales, first time home buying, investment purchases and new build contracts for all her clients. Dedication to client is key and making that dream come true is the goal! ***