I was a little upset last week that Congress had almost let the First Time Home Buyers Tax Credit lapse before they acted on it. Yesterday both houses did what needed to be done. They extended and expanded the tax credit. It appears that Congress also thought outside the box. To incent current homeowners to become move up buyers, this bill may have expanded the real estate market activity exponentially. We have had very underwhelming spring seasons for 4 years now and this may change the outlook and opportunities that help potential sellers get off the fence. Kudos to our Washington leaders.
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