So the Congress has passed the “new and improved” Home Buyers Tax Credit. Good for the Real Estate industry, very good for the home buyer, maybe not so good for the taxpayer. You hear the arguments for and against the program which will spend upwards of $45 billion, but the reality is that the industry is hurting badly and this will provide some relief nationally. Additionally, the potential for increased spending by new home owners on their new purchases should help the trade’s people and ancillary housing suppliers such as furniture sales.
This program is not a perfect solution, but then again, “Is there a government program that is?” The Home Buyers Tax Credit is much more closely aligned to helping
Well, we have a reprieve and should now make it through the winter months with an additional arrow in our sales quiver. What do you plan on doing once this program is expired?