Mortgage Brokers and Real Estate agents will be very busy over the next few months. Everyone will be finalizing deals with clients who want to take advantage of the ferderal tax credit for the frist time homebuyers. It would definitely help my business but that feels a little selfish. I think as long as the interest rates are low, people will buy. It has help me get those buyers that are sitting on the fence. I think it was definitely needed for the time because it helped turn around the recession. But to extend it...well I'm not so sure. I don't want to be a hypocrit like some agents...They complain about the stimulus the same time they are folding their mailers advertising the $8000 tax credit. There is currenly legistature in place...even the request to up it to $15,000.00. Extending the $8000 tax credit for 6 months could cost $17 Billion Dollars.
Maybe I shouldn't look a gift horse in the mouth! What do you think?