If you're a REALTOR® reading this post, you've seen the positive effects of the homebuyers' tax credit on the housing market, which unfortunately is due to expire December 1.  You have also likely noticed a recent drop off in showings with the expiration date of the credit looming.  Hopefully, the House of Representatives and Senate will act soon to extend and expand the credit; otherwise, the chill of winter will likely be felt throughout the housing market.

Fortunately, bills to extend the homebuyers' credit are moving thru both the House and Senate.  GA Senator Johnny Isakson (R) has co-sponsored a Senate bill and recently took the unusual step of testifying before the Senate Banking and Housing Committee, urging its members to extend and expand the credit to all homebuyers, saying that the expansion of the credit would help get critical "move-up" buyers back into the market.  Isakson was a leading real estate broker in metro Atlanta for over 30 years and personally understands the importance of keeping the housing market stable.

If you haven't done so already, please join the 170,000 plus REALTORS® who have written their Congressmen to ask them to vote to extend and expand the homebuyer tax credit.