Potential Buyer Incentive Program Changes in the Works???

(I believe) the American Recovery and Revitalization Act (H.R. 1) established the $8000.00 first-time buyer tax credit. What you may not know is the US Senate version was for $15,000.00 originally but didn't clear the House/Senate conference.

Well...some of our elected representatives, as well as some powerful lobbying groups, aren't satisfied with the slow recovery of the real estate markets. So, there have been some discussions about increasing the credit amount to $15,000.00, making the credit available to any home buyer and extending the program (to qualify the home must fund and recond on or before November 30, 2009).

Stay tuned!