Florida Mortgage Trends

First Time Home Buyer Tax Credit Extension?

October 20th, 2009 6:13 PM by Scott Bray

There was a story in Reuters yesterday saying that lawmakers have said they are considering extending or expanding the tax credit. Senate Majority Leader Harry Reid backs a bipartisan bill to extend the credit for six months. A Senate Republican plan would expand it to $15,000." As one can imagine, NAR, NAHB, and the MBAA are all lobbying strongly for some type of extension. As we have seen, the Federal government would rather continue to stabilize the economy rather than upset it, and taking away the credit would be a move toward "upsetting the apple cart".
Posted in:General
Posted by Scott Bray on October 20th, 2009 6:13 PM

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