Wednesday, September 16, 2009

Should Tax Credit For First Time Homebuyers Be Extended?

Henry Unger has a blog entry about the First Time Homebuyers Tax Credit which is set to expire in November. Interestingly, he also has a blog entry discussing that foreclosures have hit an all-time high in the city of Atlanta.

Census.gov has some homebuying statistics that certainly aren't indicative of the credit serving its intended purpose. If it doesn't appear to be working, why does the National Association of Realtors insist on having us urge Congress to extend it?

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