Washington Report: $8,000 Home Buyer Tax Credit

Washington Report: $8,000 Home Buyer Tax Credit

Quick passage by the House last week of a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas increases the odds that Congress will agree to an extension, maybe even an expansion, of the entire credit program well into 2010.

The White House is also signaling that it sees the overall tax credit program — currently set to expire November 30 — as an important element in cutting the unemployment rolls and stimulating new jobs next year.

After an economic policy strategy meeting last week in the Oval Office involving President Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, congressional aides said Democrats generally support an extension of the housing credit.

Reid already has made clear he wants an extension. He is co-sponsoring a Senate bill that would do so for six months. (Source: Realty Times)

Sacramento Short Sale Specialist

We are excited to close more of our Short Sales this week. Things are starting to move faster. We are currenlty negotiating on our 40 Short Sale listings. Hopefully we will have approval letters on all of them soon.

Shorts Sales can be a frustrating and long process. It may be easier to buy an Island but you will have to check with Casey on that one:).

Angel