The extension of the first time home buyer tax credit is at the top of Congress' list of things to do legislative aids say. After a meeting between President Obama, House Speaker Nancy Pelosi, and Senate Majority Leader Harry Reid that was held on Wednesday a comment was released that the governemnt should "continue efforts to strengthen the housing market by extending the home buyer tax credit. Economist Mark Zandi at Moody's Economy.com says not extending the credit as more foreclosures continue to hit the market will only continue to drive home prices down.
Comments(0)