Selling Charlottesville real estate in Central Virginia since 1927

Why the $8,000 Home Buyer Tax Credit should be extended

October 13, 2009

There is a great deal of discussion about whether the economic stimulus is really working.  Many folks see it as just a bailout for the companies that got us in trouble in the 1st place.  Here is an interesting analysis of how the $8,000 credit is actually working and getting down to the people who need the money to be able to buy their 1st home.  If what folks say is correct that the housing market will lead us out of this economic downturn, this analysis provides a strong case that the Home Buyer Tax Credit should be extended.