RealEstate Investing:Cross Your Fingers Sacramento Home Buyers

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Sacramento, CA

Sacramento Home Buyers are waiting for Capitol Hill Senate and House to extend the 1st Time Home Buyer tax credit scheduled to end November 30, 2009.

Not only are we hoping that the first time home buyer tax credit is extended for first time home buyers through 2010 but also make it available for ANY home buyer.  On top of that we are also hoping that the income limits will be removed. 

It’s my understanding that Senate Georgia Republican Johnny Isakson Senate Georgia Republican Johnny Isakson has introduced a bill to double the home buyer tax credit to ,000 for any home buyer regardless of their income.

Senator Isakson has a real estate background and people need to listen to him…

Apparently, sources say that it is unlikely we will see anything happen until the Fall where the original ,000 First Time Home Buyer tax credit may be extended. 

Increasing the tax credit amount, allowing ALL  home buyers  not just 1st Time Home Buyers and having no income barriers is going to be a monumental battle.

So, keep those fingers crossed and write your Congress person to gain support. Senator Isakson’s bill will help stimulate real estate which in turn will stimulate the economy.

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