Scaling back the tax credit will not help the property market recover. What's Obama doing?

Your coverage on this has been great, thanks! I hope they do decide soon what will be going on so we can all start focusing on what to do with the results.

**MaryAnn Knell-Peoria Real Estate´s last blog post..10 Steps to Achieving the American Dream of Home Ownership!</abbr></abbr>

The data reveals that high tax states are missing out on the level job creation and wage growth that low tax states are experiencing.

**Jenny´s last blog post..Overview of Types of Carpets</abbr></abbr>

Good news on the bill right? It seems potential home buyers get their way after all!

**Theo´s last blog post..Checklist 'Mijn Website Is Stuk'</abbr></abbr>

New on TPREG: "$15K Home Buyer Tax Credit May be Scaled Back" -- http://bit.ly/3ntc

This is total BS...first the house wants to give new home buyers $7500 refundable, then the senate wants to dish out $15000 non refundable, and NOW, after putting the two in the same room for a few hours, there may be no incentives for new home buyers! I just cannot wait for the final bill to be settled on, so I know whether or not to continue to look at homes, or give up and look at apartments.

Jay, your coverage on this tax credit has been great. The opponents of the tax credit make a good point - Current homeowners would need to sell their current property to buy a new one, so the incentive does little to reduce inventory levels - then there's the up to $39 billion price tag.

At this point, I wish they'd just stop announcing new plans and let the market operate. I'd guess the markets been stalled a good 9 months of normal operation because of all this talk about tax cuts (last year) and TARP I and the stimulus plan (late last year, this year). Now we'll be stalling while we wait on details and the implementation of TARP II - can't we just do something and give it a few months to see what happens? For all we know, the rate cuts could have done a decent job if they weren't followed by an announcement the same day about a future rate cut.

**Jayson´s last blog post..Senate Passes Economic Stimulus Plan – $15,000 tax Credit for Homebuyers Still In</abbr></abbr>

Thanks for this update. There is so much going on with this bill that it's hard to know where to get accurate information. It took us a few days to even locate the actual bill to take a look.

Looking forward to seeing what this brings...whether it's scaled back or not.

**Amber Salmon´s last blog post..FAQ: So, What’s Up With The $15,000 Tax Credit?</abbr></abbr>

I think the tax credit will really help the real estate industry get back on its feets again.Business Consulting

Well what more can we expect Because of continuous economic downturn, many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression.

I hope they will seriously consider bringing back the tax credit to improve the declining home sales.

This is definitely a bad news and might trigger the property pricing to continue sliding.

I think we have not seen the worst yet. Property pricing has fallen by almost 40% in Arizona.

Scaling back the tax credit will not help the property market recover. What's Obama doing?

You have been great in sharing all this information and getting the link to all the post up at the top of your home page for quick reading. Thanks!

Your coverage on this has been great, thanks! I hope they do decide soon what will be going on so we can all start focusing on what to do with the results.

**MaryAnn Knell-Peoria Real Estateu00c2u00b4s last blog post..10 Steps to Achieving the American Dream of Home Ownership!</abbr></abbr>

The data reveals that high tax states are missing out on the level job creation and wage growth that low tax states are experiencing.

**Jennyu00c2u00b4s last blog post..Overview of Types of Carpets</abbr></abbr>

Good news on the bill right? It seems potential home buyers get their way after all!

**Theou00c2u00b4s last blog post..Checklist 'Mijn Website Is Stuk'</abbr></abbr>

Will they finalize the bill by tomorrow? I will come back hear to read the details of the passed bill.

New on TPREG: "$15K Home Buyer Tax Credit May be Scaled Back" -- http://bit.ly/3ntc

This is total BS...first the house wants to give new home buyers $7500 refundable, then the senate wants to dish out $15000 non refundable, and NOW, after putting the two in the same room for a few hours, there may be no incentives for new home buyers! I just cannot wait for the final bill to be settled on, so I know whether or not to continue to look at homes, or give up and look at apartments.

the $15,000 homebuyer tax credit may be dead. it sounds like negotiations in the House and Senate are calling for removing it altogether. sources claim taking it out would save $39b

Jay, your coverage on this tax credit has been great. The opponents of the tax credit make a good point - Current homeowners would need to sell their current property to buy a new one, so the incentive does little to reduce inventory levels - then there's the up to $39 billion price tag.

At this point, I wish they'd just stop announcing new plans and let the market operate. I'd guess the markets been stalled a good 9 months of normal operation because of all this talk about tax cuts (last year) and TARP I and the stimulus plan (late last year, this year). Now we'll be stalling while we wait on details and the implementation of TARP II - can't we just do something and give it a few months to see what happens? For all we know, the rate cuts could have done a decent job if they weren't followed by an announcement the same day about a future rate cut.

**Jaysonu00c2u00b4s last blog post..Senate Passes Economic Stimulus Plan u00e2u0080u0093 $15,000 tax Credit for Homebuyers Still In</abbr></abbr>

Thanks for this update. There is so much going on with this bill that it's hard to know where to get accurate information. It took us a few days to even locate the actual bill to take a look.

Looking forward to seeing what this brings...whether it's scaled back or not.

**Amber Salmonu00c2u00b4s last blog post..FAQ: So, Whatu00e2u0080u0099s Up With The $15,000 Tax Credit?</abbr></abbr>