Landon Huffer- Texarkana Real Estate Broker

Home Buyer Credit | June 10, 2009

Looks like we may be able to keep the home buyer credit and maybe even increase it.  Read on:

Industry Lobbies to Extend Buyer Tax Credit
Key organizations in the housing industry are urging Congress to increase the $8,000 home buyer credit to $15,000 and make it available to all home buyers instead of just those buying a first home.

“What is being billed as a recovery is not showing up in the cash register yet,” says Richard A. Smith, CEO of Realogy Corp. and a member of the Business Roundtable, which is orchestrating the lobbying effort.

The Roundtable’s campaign is also pushing Congress to make permanent expanded limits for loans eligible for government purchase or backing. The limit is now $729,750 in high-cost housing markets.

Source: The Wall Street Journal, Nick Timiraos (06/10/2009)

Landon Huffer- Texarkana Real Estate

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I am a young, eager, and aggressive Real Estate Broker with Schimming Company Commercial Real Estate.

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