Congress Overwhelmingly Approves "Expanded Tax Credit" - 402 votes to 12 !

Congress Overwhelmingly Approves "Expanded Tax Credit" - 402 votes to 12 !

Although we have seen that these announcements in the past need to be handled carefully to authenticate the entire truth, it does seem that today's overwhelming vote by the House of Representatives is a sign that the expansion of the Tax Credit is about to be signed off on by President Obama, and extended into next year.

Again, this information is not 100% in place yet, but this information was even released through our own industry Inman News.

Now the plan on how we the government will pay for this has not been released yet, but it would seem that even perceptually that this is a better option for the housing market, than if it expired without extension.

Details below ...