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

This entry was posted on Monday, July 13th, 2009 at 2:11 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.