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GA Senator introduces amended home buyer tax credit

By
Managing Real Estate Broker with Coldwell Banker Danforth

Just reading where a Georgia Senator has introduced legislation that increases the home buyer tax credit from $8000 to $15,000 and extends it to anyone buying a home, not just first time home buyers.  Whether the credit is increased or not, the idea of allowing credit for anyone buying a home until the credit expires is something that would help stimulate more home sales, helping both buyers and sellers who have been stuck waiting for a buyer.  This is a story to follow as curious to see where it goes.  http://tinyurl.com/l44vjj 

 

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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I believe he is also trying to get the income guidelines raised or eliminated - in our market, those income limits are absurd.  Most of my clients have not qualified for the credit, even though they are first time home buyers.

Jun 11, 2009 10:09 AM