Housing Credit Extended
July 8th, 2010
The popular homebuyers tax credit which rewarded up to $8,000 to new home buyers through a tax credit has been extended. Most likely politicians noticed all the terrible economic data that has been released over the past two weeks and so have decided to extend this valuable tax credit. While this may be a short term political decision, it could also provide some much needed positive economic news. Although the benefits of these types of tax credits can be debated, the tax credit is expected to help the home construction and sale industries in the short term.Stay tuned for more updates on this topic and to see if it is having the expected positive impact on those industries.
