Possible $15,000 Tax Credit????

[cpa realtor]

A buyer I am working with sent this to me on Friday. I hadn't herd of this at all and I was wondering what all or you thought. It appears that this would be a $15,000 tax credit for all buyers, not just FTHB. It looks to me that Senator Johnny Isakson (R-GA) is the one pushing for this. What do all of you make of this.

[cpa realtor]

Sorry here is the web post that my client sent me.

http://www.cnbc.com/id/31448492

[Web Agent]

This was on the table earlier this year before it was cut down to the current $8,000 version. Doubt that it will get enough support in Congress.

[GregPDX]

I think the 8000 credit for first timers is providing a pretty good kick. I doubt they would up that.

[Michael Paul Eau Claire]

I know of at least one buyer who is waiting to see if this goes anywhere before buying.

[papaul1621]

Thanks for the post. I didn't even know they are considering doing the $15,000 tax credit again. With this news, I am sure there will be some FTHB that might wait a month or 2 to see what will happen.

[RyanRE]

It doesn't sound like this is going to go anywhere. Senator Johnny Isakson is the only person that is really pushing for this. The problem that rumors like this cause is a lack of motivation among buyers. Having people like Isakson continue to pitch the $15k tax credit only slows us down.

[stevetrang]

I would remind my clients that the $8000 tax credit went back four months from date of passage. That should help ease their concerns.

[jamesww]

I wish this stuff would not end up in the main stream media. It is such a long shot when the treasury is already having a hard time placing bond debt. There really isn't enough money for this sort of a play. It would be nice if it came to fruition, however I have had 4 buyers park it to find out what happens. One of them had a friend that bought a house in December and so missed out on the 8k tax credit.

[First Time Home Buyers]

Not-a-gonna-happen.