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Home Tax Credit — Should it Be Extended?

October 14, 2009

Many are lobbying to get the $8000, first time homebuyer tax credit, currently slated to end on November 30, to be extended.  Do you think that is a good idea?  Will it continue to invigorate a sluggish economy, as proponents predict?  Or would an extension be a waste of taxpayer dollars?  Some say a recent mini-slowdown in the US economy can be tracked to the end of the “Cash for Clunkers” program, a tax incentive for car buyers that ended late this summer.  Could the tax credit have an even more significant impact on housing market and the state of the economy?

 Let me know what you think.  Post your reply here.

Patty Cunningham
Coldwell Banker Preferred
Exton, PA
o. 610-363-6006
c. 610-659-4669


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