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dont_getit
2009 Sep 16, 6:59am
dont_getit
2009 Sep 16, 6:59am
I am disappointed, they are not increasing it to $15K? That will be like 10% down payment on 150K house..
The White House is considering extending an $8,000 tax credit for first-time homebuyers.
Spokesman Robert Gibbs says the administration's economic team is evaluating the tax credit's impact on new home sales and will make a recommendation to the president.
The federal tax credit covers up to 10 percent of the home price, or up to $8,000, for first-time buyers. Home sales must be complete by the end of November.
The tax break is credited with helping the number of U.S. home sales rise slowly. Builders and real estate agents say that trend could be reversed if the credit isn't extended.
What does that say about the true picture of the housing market?
#housing