Tax Credit Update
October 20:
A step closer to getting the expected extension of the $8K income tax credit for first time buyers today. Sen. Dodd went on record that he wants to extend the tax credit seven more months after it is set to expire at the end of Nov. We fully expect the Obama administration will go along and extend it. The housing sector is key and needs any help it can get from Washington.
October 21:
Huge pressure increasing on Obama to extend the first time homebuyers tax credit. Today a full page ad in the NY Times from NAR and NAHB to extend it. We fully expect it will be extended, if not Obama will take heavy hit as will the Democrats, and of course that isn't what politicians like to do.
Yvonne Kelly
Real Estate Loan Officer Stockman Bank - Heights (406) 896-4839
