Congresswoman Dina Titus Urges House Leadership to Extend the $8,000 Tax Credit
While no official legislative action took place on the tax credit during the preceding week, the buzz generated increased measurably. REALTORS® have generated almost 500,000 letters to congressional offices via the REALTOR® Action Center. NAR's Call for Action to NAR members has achieved a higher response rate than any other previous Call for Action, underscoring the importance of the credit to REALTORS® and consumers alike.
We would like to applaud Congresswoman Dina Titus for adding her signature to a letter dated October 21, 2009 addressed to the Honorable Nancy Pelosi, Speaker of the United States House of Representatives and the Honorable John Boehner, Minority Leader of the United States House of Representatives, urging them to prioritize legislative action to give full consideration of the homebuyer tax credit due to expire this year. Click here to view the letter.
Click here to take action.
What's At Stake:
The $8,000 first-time homebuyer tax credit expires December 1st. The usefulness of the credit diminishes daily if the credit is not extended well before that date.
A homebuyer is eligible for the tax credit only if the home is “purchased” before December 1st. Buyers have to find a house, complete a contract, satisfy any contingencies, secure financing and go to closing by November 30th.
Without Congressional action NOW, the market may freeze again.
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If you have any problems, questions or comments, please contact Tiffany James, Government Affairs Coordinator, at TJames@glvar.org or (702) 784-5038.
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