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Senators agree to extend home-buyer tax credit

By Ralph Vargas

Real Estate Agent with EXIT Realty Redefined

October 29, 2009 04:02 AM

Hot “off the press “. More details to follow as they become available !

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Bruce & Sandy Soli

Sierra Sotheby's International Realty - Incline Village, NV

Tahoe Lifestyle Experts

Not only extend but make available to more buyers, not just first timers. Wow! What are we doing?

Oct 29, 2009 04:04 AM

Bob Murphy

Keller Williams Realty Consultants - New Albany, IN

We aren't there yet. The house hasn't passed anything regarding extending the tax credit. The house has several bills proposed however. It could be weeks before a bill is passed and signed by the president.

Oct 29, 2009 04:05 AM

Ralph Vargas

EXIT Realty Redefined - Palos Park, IL

Realtor Action Alert

Dear Ralph,

You did it. You’ve succeeded in achieving a huge victory for real estate. Congress heard you on the need to both extend and expand the homebuyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.

Thank you for making this victory happen. Your letters in response to our Call for Action made a very big difference, as did the thousands of REALTOR® phone calls, visits by Federal Political Coordinators—all members of NAR—in getting this legislation passed. This is a great victory for the economy, for homebuyers, and for all of you in real estate. You made your case to Congress. We deeply appreciate your commitment and involvement on this issue and trust your continued support will follow in the weeks ahead on all our future Calls for Action.

More information on the tax credit and what it means to you:

Changes to the Homebuyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan's Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Homebuyer Tax Credit
Watch the Entries in the Tax Credit REALTOR® Party Video Contest