We did it, our Realtor Association succeeded in achieving a huge victory for real estate. Congress heard us on the need to both extend and expand the homebuyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.
All of our letters in response to a Call for Action made a very big difference, as did the thousands of my fellow REALTOR® phone calls, visits by Federal Political Coordinators—and members of NAR—in getting this legislation passed. This is a great victory for the economy, for homebuyers, and for all of us in real estate. Realtors again made the case to Congress and in support for the American People. Home Ownership is a natural process and desire for all of us and as a Realtor and will continue to do everything in my power to make that possible.
More information on the tax credit and what it means to you:
Changes to the Homebuyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan’s Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Homebuyer Tax Credit
Watch the Entries in the Tax Credit REALTOR® Party Video Contest
Kinds regards, Robert Ramirez
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