Gary's Blog

Tuesday, October 27, 2009

Homebuyer Credit Extension Proposed

Majority Leady Harry Reid and Sentate Finance Committee Chairman Max Baucus are trying to extend the $8000 tax credit - which expires November 30 - through March 31. Then it would go down by $2000 per quarter through the rest of the year, until it is phased out by the end of 2010. Homebuyers have really taken to that credit, as we have seen a nice jump in home sales this most recent quarter.

Maui real estate buyers and Realtors should be happy to see this happen!

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