The Home Buyer Tax Credit will not be Extended

From the looks of things the government has decided not to extend the Home Buyer Tax Credit. NAR , The National Association of Realtors, appears to have given up hope of getting it extended and posted this information on a website.

"NAR has had extensive discussions with congressional allies and concluded that an additional extension of the tax credit is unlikely. While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized. NAR is now focusing on improving the availability of financing."

That is not exactly what we want to hear, but at least they are coming up with new alternative ways to handle and speed up the short sales. Congratulations to all of you who took advantage of the tax credit and reaped the benefits.

Cheryl Cahill is a member of The National Association of Realtors.

Call Cheryl with any questions, 508-369-3809, or at CCahillrealtor@hotmail.com