CONTACT CONGRESS TODAY ABOUT THE $8000 TAX CREDIT EXTENSION AND EXPANSION!

By
Real Estate Broker/Owner with Joe Pascal - 5 Star Real Estate - Serving Wilmington, N.C.

 

Call to Action

Real Estate Professionals are keeping their fingers crossed that conditions in the housing market are stabilizing, marking the end of a slump that has reduced home building to its lowest level since 1940. However, we will soon be losing one of out most effective selling tools when the $8,000 federal housing tax credit expires later this year on Nov. 30. Despite recent gains, builders have reason to worry that business generated by entry-level buyers will sputter out once the credit is no longer available.

CONTACT YOUR MEMBERS OF CONGRESS TODAY TO ENCOURAGE THEM TO KEEP THE MOMENTUM GOING BY:

1) extending the tax credit for an additional year and 
2)making it available to all home buyers

Bills are pending on both the House and Senate side of Congress that would facilitate the extension and the increase. These actions would spur more than 383,000 additional home sales, and generate the production of 80,000 more homes as the inventory of unsold homes is depleted. It would also provide the U.S. economy with what it needs most, creating nearly 350,000 jobs.

Housing is one of the few sectors that can quickly put America back to work. Restoring the health of the housing industry and the flow of credit needed by both home buyers and home builders is a crucial first step in leading the economy to higher ground.

Comments (6)

Anonymous
carlos

Yes Plz Extend the Tax Credit!

It's what we need to keep America growing!

Sep 15, 2009 12:49 PM
#1
Anonymous
Joe Pascal

Carlos,

We have to act and let our contribution to the economy of this great country be recognized. This too shall pass, but not without our coordinated actions. Thank you for your support of this issue.

Joe

Sep 16, 2009 01:49 AM
#2
Anonymous
Clifton Wimbush

It would truly be a blessing if we could get the extension for the tax credit. I am a single parent and would love to get the opportunity to recieve the tax credit. I have put bids on house, but everyone is jumping on them so fast. So I have to wait to see if my bid will be accepted. I will continue to pray for the extension and that it helps many americans

Sep 23, 2009 02:32 PM
#3
Home Loan Search.Online
Home Loan Search Online - Newnan, GA

I just heard recently that it looks like the dodd-lieberman-isakson tax extension should pass. The good news is that it will be through June 30 and include everyone in the tax credit (not only first time home buyers). 

Oct 27, 2009 04:48 AM
Anonymous
Income Tax Extension

Really Good regarding income tax extension filing. I would like to read all post and main thing is that this year I think more people are filing tax extension because of recession. Thanks for sharing For more information Income Tax Extension

Mar 31, 2010 03:16 AM
#5
Anonymous
Amit

Pls extend it for next 6 month at least Dec 2010, lot of people are trying.pls put request all to-gether to extend June 30 date to Dec 31 2010.

Jun 15, 2010 02:47 AM
#6