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EXTEND THE FIRST-TIME HOMEBUYER'S TAX CREDIT?
Posted by V.K. [Mel] Melhado P.A. on Saturday, September 19th, 2009 at 2:49pm.
There is concern that the first-time Homebuyer's Tax Credit due to end in November might not be extended. There ia a bit of a ground swell to extend, and from our perspective, it certainly makes a great deal of success.
It is estimated that with the way the it stands now, the credit will account for some 400,000 buyers coming into the market, which has helped to stabilize the real estate market. It is reasonable to assume that an extension will only help to further stabilize the market., bringing in even more buyers.
There has been a bit of a ground swell in the past week to push for an extension and we certainly support that!
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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