We, as Realtors, have been bombarded with email from the National Association, our mortgage reps and home inspectors calling on us to lobby for an extension of the $8,000 first time home buyers tax credit. They call it 'free money'.
They say the gains in the housing market over the last few months will be undone if this 'free money' program is not extended.
I'll be the first to admit this program COULD be responsible for increasing sales numbers (and home prices) in much of my service area, but is it 'free money'?
Doesn't somebody have to pay for it down the road...Who, and when, will that be?
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