Comments on: Will Congress Extend Home buyer Tax Credit?

By: S T SMITH

S T SMITH — Sun, 18 Oct 2009 22:08:03 +0000

YES I BELIEVE THAT THE CREDIT SHOULDBE EXTENDED,BECAUSE IT TOOK MANY PEOPLE A WHILE TO REALIZE THAT THERE WERE A FIRST TIME HOME BUYER CREDIT AVAILABLE

By: Gene

Gene — Mon, 05 Oct 2009 16:55:26 +0000

I am a realtor so I love the tax credits for home buyers. It’s a short term fix that reaps much political benefits too. Unfortunately, if economic growth and the jobs situation are not addressed properly the housing market and the consumer will again falter. Band aids and bailouts do not fix underlying market issues.

By: Andy

Andy — Thu, 24 Sep 2009 14:49:10 +0000

As discussed, http://www.savingtoinvest.com/2009/02/15000-first-home-buyer-tax-credit-in.html , the the stabilization of the housing market due to the 2008 credit and unprecedented success of the extended cash for clunkers program has shown that stimulus payments that directly help consumers seem to have the most impact. This means that once Congress returns from their summer break the extension of the $8,000 tax credit for first-time buyers will be a hotly debated topic. There is a reasonable chance (particularly if the housing market falters again) that the credit will get a second life and be extended for another six to 12 months, taking pressure off buyers, realty agents and settlement companies.

By: 3 Reasons to Buy a Home Now : Bizzia - Business News and Commentary – Finance and Business Tips

Sat, 19 Sep 2009 14:06:41 +0000

[...] tax credit, though: Your home has to close by November 30, 2009. However, Congress is considering extending the tax credit to May 2010. And there is also a bill for a $15,000 tax credit on the table, but that faces stiff [...]

By: Mortgage Market News Roundup - Mortgage Rate News

Mortgage Market News Roundup - Mortgage Rate News — Fri, 18 Sep 2009 19:06:52 +0000

[...] considers extending the home buyer tax credit: Right now, lawmakers are thinking about extending the first time home buyer tax credit by six months, so that it would expire in May 2010 instead of at the end of November 2009. [...]