johnny isakson: The Home Buyer Tax Credit Expiration – The Pressure is Mounting! - 10/15/09 11:11 AM
Congress is currently debating bills that could possibly extend the $8,000 first-time home buyer tax credit which is set to expire on November 30.  Is this a good idea?
In considering whether or not they should to do it, the following questions need to be asked: 
 -  Has this tax credit program worked to help the sagging housing market?
-   Will the cost of extending it be worth the benefit we will receive from any further implementation of it? Mark Zandi, chief economist of has devoted some serious study to the situation and he is in favor of extending the credit.  He would like to see run … (23 comments)

johnny isakson: Support for Extending the Home Buyer Tax Credit is Rapidly Growing - 09/18/09 06:53 AM
In something I see as an expanding snowball effect, the sentiment for extending the Home Buyer Tax Credit is growing daily.  It is beginning to feel more like fear now that if this snowball is allowed to melt, home sales will fall into a black hole.  
The IRS recently reported that over 1.4 million Americans have claimed the $8,000 first-time home buyer credit to date.  And, it is widely asserted that this program has had a huge hand in helping to stabilize the housing market this year.   
The current credit of $8,000 for first time home buyers has been in effect … (8 comments)

johnny isakson: A $15,000 Tax Credit for Home Buyers - Massachusetts Blog - 02/09/09 09:58 AM
The federal government is working on a plan to stimulate the currently sagging housing market.  In the Senate, a "voice vote" has been made to propose a $15,000 tax break for homebuyers.  
More details are emerging about the amendment to the pending economic stimulus bill, which is the brainchild of Georgia Senator Johnny Isakson, a former real estate broker.    
Unlike the current $7,500 housing tax credit, the new credit would be available to all home buyers and would not have to be paid back.  The $7,500 plan that is now in place is offered only to first-time home buyers and requires … (1 comments)

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Claudette Millette

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Ashland, MA

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