Businesses and many lawmakers are pushing to increase the First Time home buyers' tax credit. A bill has been introduced by Sen. John Isakson to increase the tax credit to $15,000 dollars.
I know the NAR has been pushing this as well. There are many thoughts on how to do this in Congress.
I myself have sold several homes where the buyer has received this tax credit. It is a very good opportunity for many people as well as helps to the country over all by decreasing the amount of homes on the market.
I urge all to contact their representives in Washington to get this bill passed and extend the time limit.
I would be interested in hearing from other agents or buyers how the current tax credit has helped them.
Long Realty Company
Tucson - Oro Valley, Arizona