Tax Credit Extention Update

By
Real Estate Agent with Pam Winterbauer Real Estate

NAR is stepping up pressure on Congress to extend the $8,000 home buyer tax credit. Their strategy includes a nation-wide call-for-action which more than 450,000 REALTORS® have answered by either calling or emailing their elected officials. NAR is also placing ads in Washington D.C. newspapers and on the Wall Street Journal, New York Times, Washington Post and Google websites. 

Finally, NAR officials are meeting directly with congressional leaders. Earlier this week NARs First VP Ron Phipps testified in front of the Senate Banking Committee about the impact the Tax Credit has had on home buying activity in 2009.  You can read Mr. Phipps testimony by clicking here.

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Rainer
118,127
Ginger Moore
Wilkinson & Associates Realty - Gastonia, NC

Hi Pam,  Thanks for giving us this update. Very valuable information. thanks for sharing

October 24, 2009 04:53 PM #1
Rainmaker
366,916
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL

It seems like NAR is doing what can be done to get the extension-it is nice to be updated hopefully it will come through for buyer's.

October 24, 2009 04:55 PM #2
Rainer
40,631
France and Mark Clausen
Realty Austin - Dripping Springs, TX

Thanks for the update. The IRS couldn't have picked a worse time to come out with all of their fraud statistics. Quite a coincidence wouldn't you agree?

October 24, 2009 04:55 PM #3
Rainmaker
46,633
Libby Offnick
RE/MAX Executive Realty - Mooresville, NC
ABR, e-PRO, SPS

Thanks Pam for addressing this topic.  Hopefully those buyers still riding the fence will make decisions.  We are a vital tool in this industry and we need help from congress.

October 24, 2009 05:02 PM #4
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Rainer
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Pam Winterbauer

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