REALOGY CORPORATION, the parent of COLDWELL BANKER RESIDENTIAL, announced its support of a bi-partisan Senate bill(S.1678) introduced last night that would create a six-month(6) extension of the $8000 federal tax credit for 1st-time home buyers, and move the current expiration date forward to June 1, 2010.
The current tax credit provision for 1st-time home buyers, passed as part of The American Recovery and Reinvestment Act, expires December 1,2009.
According to the most recent data nearly 530,000 Americans have applied for the tax credit to help them purchase their 1st home. It's estimated that as many as 40% of all home buyers will be eligible for the tax credit.
The REALOGY family of companies supports expanding the tax credit..."TO ALL HOME BUYERS OF A PRINCIPAL RESIDENCE,INCREASING THE SIZE OF THE TAX CREDIT, AND ELIMINATING THE EXISTING INCOME ELIGIBILITY CAPS all of which we believe are critical to the 'move-up' or repeat buyers who we expect will drive the essential second phase of a housing recovery".
PLEASE CALL ME IF YOU STILL WANT TO TAKE A RUN A GETTING IN UNDER THE WIRE, OR POSITION YOURSELF IF THE EXTENTION IS INDEED PASSED
MY CELL PHONE IS...312-882-4561
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If the feds do extend...it should be another shot in the arm...right?
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