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Extend The Federal Tax Credit For First Time Home Buyers

By Judi Desiderio, Friday, September 18, 2009
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Robert Gibbs, Spokesman, is before President Obama to extend the Federal Tax Credit for first time home buyers.

Just as the ‘Cash for Clunkers’ program has jump started automobile sales, this Federal Tax Credit for firt time home buyers has helped to fuel home sales across the country. While we here on the East End may not see this trend, it isa successful program in other parts of the country. Any program that assists increase in home sales nation wide is a good thing for the overall economy. Think of all the ancillary businesses that are touched when a home is sold… everything from paint, appliances, plants, etc. We could mention hundreds of services and products. That’s not to mention the rewards of owning your own home.

The Federal Tax Credit program for first time buyers allows for up to $8,000 or 10% of the sale price, is set to expire at the end of November. Extending this program is critical to maintaining the forward momentum which we are currently experiencing in the housing sector and the overall economy.

So, raise your voice and let your government know how you feel about extending this program for first time home buyers. Your opinion matters.