See The Market Pulse of Naperville and More!
HR3548 contains a trio of measures that extend unemployment benefits, extends and expands the housing tax credit, and thirdly allows for recovery of previously paid taxes for companies losing money in 2008 and 2009.
As of Weds evening both Houses had passed versions of the bill that contained similar provisions:
First of all, the credit has not been extended yet despite all the rumors floating around. Here is the latest information from Washington as well as a projected timeline for further action from www.FixHousingFirst.com: From TheHill.com “…
More of DC is jumping on the bandwagon to pass legislation to extend the tax credit. Here is Representative Judy Biggert’s press release detailing her efforts.
How effective has the $8,000 1st time home buyer’s tax credit been? According to the National Association of Realtors, (NAR), in Illinois, the home buyer tax credit has brought in an additional 9,100 buyers into the market and 73,200 1st time buyers by year’s end. That is a huge impact! I recently wrote to the folks in Washington trying to get their stance on possibly extending the credit.
