Saturday, June 27, 2009

Real estate market needs a Boost- some stimulous proposals could help

Will there be an expansion of the first time home buyer tax credit? This current credit is good only through November 09.
Lots of variations out there... the current 8k could be potentially raised to 15k (wishful) and include all buyers. Boy, wouldn't that light a fire under some buyers.
One can only hope as some earlier proposals were voted down.

I think the best and more likely scenario is to extend the current credit to ALL buyers; get rid of the income cap and extend though 2010, to really get things moving.
We will have to wait and see

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