There has been a push in the House to get the First Time Home Buyer Tax Credit extended, as well as expanded.  Last week the House passed a bill extending the $8,000 tax credit into next year for military, diplomatic, and intelligence workers who have been working overseas. 

This bill's passage leaves many future first time Arizona homeowners hopeful that an extension for regular first time Arizona home buyers will pass as well.  Much of the increase of Arizona's real estate sales has been attributed to the First Time Home Buyer Tax Credit.

There is a strong sentiment to extend the First Time Home Buyer Tax Credit because the nation's real estate market is not seen as completely stable yet. 

The hope is that if the tax credit is extended then the nation's, and Arizona's real estate sales will continue to improve.  If the credit is opened up to include all home buyers, as some would hope, then real estate sales volume in Arizona and other areas is expected to increase.

Gina McKinley, an Arizona real estate agent, can give first time AZ home buyers more information on how this bill pass could assist them with their future AZ real estate purchases.  Gina McKinley can be reached at her office (480) 355-8645 or by email.

For the latest from Realty Times regarding the tax credit click here.