Tagged : 1st time homebuyer tax credit

As both a Realtor and consumer, it would be hard not to notice what an overwhelming success the first-time homebuyer's $8K tax credit has been both nationally and on the Madison real estate market. Both homebuyer interest and housing sales shot through the roof before the ink was even dry on the legislation. Although lower prices and historically low interest rates have certainly been a huge draw, it's clear the $8K tax credit is primarily responsible for consumers' renewed interest in homeownership in the midst of the massive mortgage meltdown and ensuing housing crisis.


But progress may come to a screeching halt unless Congress extends the credit through 2010. Without an extension of the legislation, many people will miss out. Those who couldn't