$8000 Tax Credit to be Extended in Palm Beach County?

by Rodney Forbes on October 22, 2009

As the November 30th deadline approaches to take advantage of the federal $8,000 First Time Home Buyer Tax Credit just about everyone in the real estate business, including buyers and sellers, are hoping the credit will be extended into 2010. The tax credit has a lot to do with the turn around in the Florida real estate market, particularly in Palm Beach County.
1st time buyer

Members of Congress have been calling for an extension, some are proposing to expand the credit to everyone, not just first time buyers. As the November 30th deadline approaches many buyers are scrambling to take advantage of the tax credit.

Whether or not the tax credit will be extended is anybody’s guess. If the federal government wants to continue the road to economic recovery, it would be smart of them to look back at the positive impact of the current tax credit on the national economy. If they do, the decision to expand the credit to 2010 should be an easy one.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog.  You can also call 561-337-4810.

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