I was watching CNN from my home office (kitchen) and they have reported this afternoon on a Senate "tentative agreement" to extend and even expand the first time home buyer's credit through June/July of 2010.
Read the Wall Street Journal report here
The $8,000 will remain for "first time buyers" and we may even see $6,500 for "second time buyers" (I'm still out).
Congress will have to vote of course, but I can't see them denying something tangible to their constituents. The credit has been given "credit" for moving housing, which is important to John Q. Public.
1 comment:
$6500 is not quite the $15,000 that was rumored all along but I'll take it over nothing.
It seems like it takes so long to close on a house or refinance. Tell me Eric, do you think there is any way the process could be, oh I don't know, modernized and sped up a bit without compromising financial integrity?
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