I think it is a good thing to extend. The more people you can help buy homes and improve the housing problem, the sooner the economy shld hopefully right itself.

Without a doubt, it should not be extended. Not only does it cut our federal tax revenues, but also prevents the free market from stabilizing the real estate market. Thanks for the blog post.

2 weeks left is really about one week if a buyer wants to properly inspect the home and remove all contingencies by the end of the month. So, tick tock-you snooze you lose.

Tick, Tock...2 weeks left. I was amazed to get a call just yesterday from someone who wants to BEGIN their home search to take advantage of the tax credit. What are these people thinking waiting until the last minute? Especially the ones that assume a perfect foreclosure will just be sitting around waiting for them :)

We've got another new $10,000 tax credit here in California, the last one ran out of money quickly. I am checking into having my client postpone his close until May 3rd in order to qualify for both the $8000 Federal and the $10,000 California Credit.

What I find of interest is the sudden increase in traffic for this search term. Why the last minute shuffle to buy when it has been around for a while?

I'm getting these kind of search queries too Jay. Glad you wrote this post.

Just like you and many others I'm wondering how the housing market will do without outside help. I'm heartened by the fact that I've actually run into a couple of people lately who are either clueless or don't care about the credit. It turns out that young people don't watch the news or follow this kind of stuff and genuinely know nothing about the first time buyer tax credit. Hard to believe for us who live and breathe real estate, but there it is!

Yeah it doesn't seem like it'll be extended. I haven't really heard much talk of an extension this time around; last time, they were lobbying for months. I think they're eager to see what happens with the housing market without any outside incentives.

I think it is a good thing to extend. The more people you can help buy homes and improve the housing problem, the sooner the economy shld hopefully right itself.

Thanks for providing the information that the tax credit does not get increased as i have a same question in my mind also.

It is now time for states to step up and offer some help to buyers in order to keep our markets moving.

Without a doubt, it should not be extended. Not only does it cut our federal tax revenues, but also prevents the free market from stabilizing the real estate market. Thanks for the blog post.

Last minute tax-credit madness! It will be fascinating to see what happens to the market in May.

2 weeks left is really about one week if a buyer wants to properly inspect the home and remove all contingencies by the end of the month. So, tick tock-you snooze you lose.

Tick, Tock...2 weeks left. I was amazed to get a call just yesterday from someone who wants to BEGIN their home search to take advantage of the tax credit. What are these people thinking waiting until the last minute? Especially the ones that assume a perfect foreclosure will just be sitting around waiting for them :)

We've got another new $10,000 tax credit here in California, the last one ran out of money quickly. I am checking into having my client postpone his close until May 3rd in order to qualify for both the $8000 Federal and the $10,000 California Credit.

What I find of interest is the sudden increase in traffic for this search term. Why the last minute shuffle to buy when it has been around for a while?

I'm getting these kind of search queries too Jay. Glad you wrote this post.

Just like you and many others I'm wondering how the housing market will do without outside help. I'm heartened by the fact that I've actually run into a couple of people lately who are either clueless or don't care about the credit. It turns out that young people don't watch the news or follow this kind of stuff and genuinely know nothing about the first time buyer tax credit. Hard to believe for us who live and breathe real estate, but there it is!

Yeah it doesn't seem like it'll be extended. I haven't really heard much talk of an extension this time around; last time, they were lobbying for months. I think they're eager to see what happens with the housing market without any outside incentives.

In addition to the $8,000 or $6,500 tax credit, I know of many builders who are matching any tax credit the buyers receive from the federal government.