$8,000 First Time Home Buyer Tax Credit Scheduled to Expire November 30, 2009

By
Real Estate Agent with Keller Williams Realty Sunset

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Well everyone. It’s almost over. The $8,000 first time home buyer tax credit is set to expire on November 30, 2009 . At a press conference on October 8th, 2009 House Speaker Nancy Pelosi (D-CA) was asked if an extension was likely and she responded

"Yes, there is and it is under consideration whether we extend the first time homeowners credit.

When asked for comment, Bloomberg Wire Services reports that Chairman Rangel (D-NY) said, "There's no question that I think it should be extended; for how long, we should discuss."

My hope is that it will get extended. The first time buyer tax credit has energized the housing market in a dismal economic climate. I urge you to contact your local congressional representative and request they support extending it past November 30th.

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Rainmaker
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Amanda Wilson
Real Estate Advisor
EWM International Realtors, Inc.

I truly believe it will be extended....and added to the federal deficit....why not!

October 15, 2009 01:20 PM
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