$ 8,000 Homebuyer Tax Credit
by Taylor Oliver
The current stimulus package including the $ 8,000 first time buyer tax credit which is set to expire November 30, 2009 needs to be extended. In the current state of the economy we are not seeing a tremendous influx of homebuyers who are taking advantage of the tax credit. They are obviously saying “I need to make sure I have a job before I can take advantage of the tax credit”. This is very true. If you don’t have employment you don’t need a tax credit. Extending the tax credit would at least help people as their confidence in employment increases they will feel more inclined to make a major purchase such as a new home. Let’s work on congress to extend this tax credit.
Tags: Homebuilding, new homes, Real Estate