Extend the Homebuyer Tax Credit to Assure America’s Economic Recovery
The tax credit is working, homebuyers are using it, sales have increased and it’s helping to move both housing and the economy forward.
But time is running out. Homebuyers have only a few weeks left to put in a contract on a house and benefit from the tax credit—it expires on December 1. Congress should extend the tax credit until December 31, 2010 to allow more homebuyers to take advantage of this incentive and help America’s economy continue to recover.
The first-time homebuyer tax credit is working:
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Home sales to first-time homebuyers increased by 25% in 2009 and now account for 50% of all sales.
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The tax credit is reducing the inventory of foreclosures that are sitting on the market, helping our neighborhoods and communities recover.
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