I blogged about extending the $8000 tax credit to first time home buyers yesterday. Today I found a link for the call to action from the NAR. If you are an agent, a broker, a consumer, a renter, or someone else who can use this program, please use the letter to encourage your government reps to extend the credit.
I am not sure if more than one extension will be necessary, but there are many consumers who are just waking up to the available credit and how it could help them buy a home. Traditionally, interest rates rise in the second year of a new US President. If that happens, many people will be able to afford less house.
If the tax credit is extended, it will help offset a rise in interest rates. If rates don't rise, there will be a continued market for first time buyers.
Here is the link to a suggested letter:
Happy listing and selling real estate!
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker