The Senate voted today 98-0 to pass the HR 3548. HR 3548 is a bill that extends unemployment benefits for an additional 20 weeks and contains an amendment that extends the existing $8,000 First Time Buyer Tax Credit and adding a tax credit for Move Up buyers! The bill now must pass the House, with Speaker Pelosi stating she may bring it to a vote as soon as tomorrow, then the final approved bill must be signed by President Obama. Can it still derail? Maybe, but I doubt it. A 98-0 vote is a pretty strong statement of support. The passage of this legislation will continue to aid the housing market recovery and the addition of a credit for move up buyers will create some much needed in the higher price ranges. Congratulations America, the recovery continues! I’d like you to be part of the conversation, so if you like what you read here please, comment, forward The Lancaster Connection.com to your friends, subscribe and as always, if you have questions, need real estate advice or want to buy or sell a home, you can call or text me at 717-371-0557, email me at Jason@JasonsHomes.com or contact me at the office at 717-490-8999! Your Friend in Real Estate, Jason Burkholder Search for Lancaster County Homes for sale at www.JasonsHomes.com by clicking here! Want to see local real estate values and home prices? Go to www.RealEstateCrystalBall.com !
Here is what we know:
NMLS ID: 40831 - Federal Way, WA
iTexas Realty Co. - San Antonio, TX
Hi Jason- Wow. Thanks for the update 98-0 is a great vote. We will look forward to hearing the news in the days to come. --Sara
Nov 04, 2009 11:58 AM
eXp Realty - Albuquerque, NM
eXp Realty Agent Albuquerque
That's good news. I know the tax credit has had a big impact on our market here in Albuquerque. October YTD sales are up 29%. Hopefully we can lead the country out of this mess we're in.
Nov 04, 2009 12:03 PM
Weichert, Realtors - Welcome Home - Lancaster, PA
Associate Broker, Realtor, e-Pro, CMS
Absolutely wonderful news on all fronts, a busy winter and spring would be fine by me!
Nov 05, 2009 09:56 AM
Russel Ray - San Diego State University, CA
I read on another blog that the House passed it today with just 12 no votes. On to the President!
Nov 05, 2009 01:12 PM
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