Interest Rates

First Time Home Buyer Tax Credit.. Will they extend the tax credit?

Interest Rates,Tax Credits No Comments

So the ultimate question in the conomy right now is. Will they extend the tax credit? It is that time of year where law makers are making the round to determine if they will extend the tax credit? Now why would it be wise to do so? Well, first example would be what will happen if they don’t? Now, before I go any further I am actually of the opinion that they don’t extend the credit! Now many of you say, what the heck.. If you are in the Real Estate industry in Salt Lake City, why wouldn’t you want it? Well first of all I think people need to feel the urgency of the situation. People keep thinking oh we have the tax credit, interest rates are low, its just going to get better. I will wait and buy at the low.. I hear that every day.. So I think they should let the tax credit expire and see the people throughout the country freak out when they realize they missed out…

Now, that is just my opinion.. Love to hear your thoughts.

Will they extend the first time home buyer tax credit?

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  5. The Extended Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS.

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