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Home buyers credit extension

14 comments  |  Saturday, October 31, 2009

There is not too much to say other then it looks like Congress will extend the first-time homebuyers’ tax credit.

The vote is expected next week. The credit will give people who buy a home $8,000 and lawmaker say this will be the last extension.

“Tax credits like this only work by creating the sense of urgency to take advantage of them and to bring the market back. So the American people and the homebuyers of the United States and the potential home sellers have an opportunity in the next seven months to take advantage of a once in a lifetime credit.”

The House and Senate both have to approve the extension before President Obama can sign it into law. Make sure you dont miss the boat!

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