“The wheels on the bus go round and round”….this quaint children’s song can refer to our economy as well. We need to help get the wheels of the housing market turning again. Housing is the center, the lifeline, of our country’s economic engine. On Nov. 6, 2009, President Barack Obama did his part by signing into law an extension and expansion of the homebuyer tax credit. This act is being hailed by both economists and real estate leaders as a significant part of our government’s efforts to boost the American economy. According to an article by Maria Patterson & Stephanie Andre in RIS Media, the estimated cost of the homebuyer tax credit, part of the Worker, Homeownership & Business Assistance Act of 2009, is $18.5 billion, yet another mind-boggling sum in a series of stimulus strategies. But, this will be money well spent if consumers are educated about the tax credit and are moved to action.
Margaret Kelley, CEO of RE/MAX International, Inc., explains, “Congress extended the tax credit and amended it to include repeat buyers in hopes of securing a more sustained real estate upswing. However, the narrow window suggests none of us should count on another extension.” The deadline is April 30, 2010, with a closing by June 30, 2010. Consumers need to act fast in order to take advantage of this tax credit and will want to use a trusted and experienced guide. That’s where a RE/MAX of Boulder Agent can help.
And so, a new countdown begins, not the one of the holidays, but the one approaching April 30th.
YOU HAVE 112 DAYS LEFT TO TAKE ADVANTAGE OF THE HOMEBUYER TAX CREDIT.
Call us today at 303.449.7000 or 800.825.7000 or visit www.BoulderCO.com