Update on Housing Tax Credit

Thank you for the up date.  I hope it will keep the market runing .

the news changes quickly...less than 12 hours ago, I wrote about the phase out proposal that was reported as close to being certain...I guess only time will tell.

Thanks for the update. I am working with a first time buyer that is a recent college graduate and won't start work for a month or so. Great for them if the credit is extended.

Hopefully time is our friend not our enemy on this issue.

Thank you for the update!

Great subject as it impacts us in our business positively. I hope they extend immediately as, I know in my area it did get some buyers off the fence. Hope you keep us updated as to approval,.

Mario Zavala

Century 21 United Realty  

Thanks for the update.  It will be interesting to see what happens, I am still not convinced that the credit will be extended.  Time will tell.

I wonder if this will take some buyers out of the market, waiting to see if they will qualify under the new package.  If they announce something, it might need to be retroactive or deals may stall. 

Our local market has already fallen off some now that time has run out to get in on the current tax credit.  The last I heard a new credit will be for $8000.00 for any buyer who has been in their current home for at least 7 years.  There was no mention of First Time Home Buyers at that time.

There sure has been a surge in our business this week

I heard the same thing on NPR this morning but they were still talking about a phase out after April 2010. It's hard to keep up with all the coonflicting reports right now.