Furthering the case for extending the $8K tax credit
Posted by Jolenta Averill on
The countdown to the November 30th deadline for the first-time homebuyer's tax credit is underway and the debate rages on as to whether the $8K tax credit should be extended and even expanded. In a recent poll of 1000 real estate agents conducted by Weichert, 97% favored extending the tax credit (the majority want to extend it until 12/31/10). Below we share other illuminating statistics from the Weichert study and two other recent polls about the first-time homebuyer's tax credit:
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proof positive of the degree of success the tax credit has had thus far
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the positive impact on sales that extending the credit is projected to have
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the perceived negative effect on the housing market that not extending the credit is likely to have
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