Obama signs extension on home buyer tax credit by Sharon Hill in Real Estate 09 Nov 2009 The popular U.S. first time home buyer tax credit has been expanded and extended, with its signing into law by President Barack Obama. While the initial round gave home buyers $8000 or up to 10 percent of purchase price if they closed by November 30, 2009 and had not bought a primary residence in the last three years, the new bill allows repeat buyers a tax credit as well. The new rules require This article is only available to AIM Group clients. Please subscribe now or log in to view. Share Sharon Hill Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.