What happens after the deadline of November 30, $ 8,000 credit for first time buyers?
It seems that the housing market has stabilized a bit nationally and even a slight increase in some regions nationwide. It is also reported that at least half of all sales is the first time home buyers taking advantage of the $ 8,000 tax credit. What happens after November 30, when the time to buy a house for the credit expires? Does the collapse of the housing market again? It seems that the idea of making $ 8,000 in free money to people who would not buy a house in circumstances normal, regardless of buying a home because of the immediate satisfaction of cash. Given these facts, should we even think about buying a house to which happens on 30 November?
There is another bill that is considered to be extended for one year, the amount to $ 15,000 (or 10% if the house is less than $ 150,000) and most of the restrictions currently in force will disappear. Senator Johnny Isakson of GA is introduced. Before there was rejected, but is considered seriously.
Federal tax credit deadline dates for first-time home buyers
