Is the Government going to extend the 8000 dollar tax credit that ends this year?

Question

I keep hearing they are, also I hear they are going to bring back the 10,000 credit for buying a new house. Does anyone have real information on this? Thanks

Answer 1

Pull out your crystal ball. . . . .mine is cloudy.

They're doing nothing on it until after health care, until the end of the year when current credit expires.  They don't know what they're doing, and I certainly don't.  Makes sense to go back to the $7500 noninterest bearing loan payable over 15 years.  Depends on housing market this fall/winter.

Answer 2

As of now, it expires 11/30/09.

That could change.

Answer 3

As of now there are no plans for either

Answer 4

There's no way to tell.  It's all rumor at this point.  If you wait, you take your chances that it might not be extended.