Friday, October 9, 2009

Call to Action

The $8000 First Time Home Buyer's Tax Credit has been a boon to many across our county this year. However, this credit expires on November 30, 2009. The National Association of Realtors is encouraging people to contact their congressional representatives and urge them to vote to extend this credit.

Several analysts credit this program with helping home prices and home sale rebound in many parts of our nation. However, there is concern about what will happen when the credit expires. To quote a recent article in the Washington Post, "If the first-time homebuyer tax credit expires as scheduled on Nov. 30, many analysts expect a drop in home sales and prices, though they disagree on how big the drops will be. The situation looks even more dire once swelling unemployment numbers and related delinquencies and foreclosures are factored in."

If you would like to take action and send a message to your representatives, this link makes it easy for you. Put in your name, address and email address, and the system will send out a message to your representatives.

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