By National Association of Realtors® urging tax credit extension
The National Association of Realtors® is urging Congress to extend the homebuyer tax credit through next year and make it available to more homeowners. The credit is set to expire Nov. 30th.
More than 1.2 million new home buyers have taken advantage of the $8,000 first-time tax credit, NAR says, and it estimates that 350,000 of them would not have bought a home if the tax credit had not been in place.
"We have all seen how the credit has been a spur to bring homebuyers in the housing market," said NAR President Charles McMillan.
McMillan said the credit needs to be available for more time "to sustain the progress that’s been made so we can continue to see our markets fully recover. Uncertainty about the future of the credit will dampen consumer demand."
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages. Find real estate, properties, homes for sale in Arizona, California, Colorado, Nevada and Texas. - National Association of REALTORS®, the Voice of Real Estate
NAR is the nation’s largest trade association, representing more than 1.3 million members in all aspects of the residential and commercial real estate industries.
