PWR Today - You Did It: Homebuyer Tax Credit Extended and Expanded

You Did It: Homebuyer Tax Credit Extended and Expanded

Friday, November 06, 2009

The voices of you and your REALTOR® colleagues resonated loudly and clearly in the halls of Congress. The Home buyer tax credit will be extended and expanded in order to continue boosting our housing market. I cannot thank you enough for answering the call to action in notifying our representatives in support of the tax credit. This is proof positive of what we can do as a REALTOR® community!

Here are details of the program to share with your offices and clients. Thank you, once again!

You did it. You’ve succeeded in achieving a huge victory for real estate. Congress heard you 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.

Thank you for making this victory happen. Your letters in response to our Call for Action made a very big difference, as did the thousands of REALTOR® phone calls, visits by Federal Political Coordinators—all members of NAR—in getting this legislation passed. This is a great victory for the economy, for homebuyers, and for all of you in real estate. You made your case to Congress. We deeply appreciate your commitment and involvement on this issue and trust your continued support will follow in the weeks ahead on all our future Calls for Action.

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 >>