Update1 POLL: Do You Support the Extension of the Homebuyer Tax Credit’s Closing Deadline?by Tim Manni
The Senate approved a proposal that would extend the deadline of the homebuyer tax credit past June 30. Under the proposal — which is actually “an amendment to a tax extension bill,” according to Luke Mullins of U.S. News & World Report — the original deadline of June 30 would be pushed back to September 30:
The extra time, however, would only apply to buyers who already have a sales contract. It would not open the door to additional buyers. “All [the measure] does is take the existing law and scratch out June 30 and put in September 30,” says Lucien Salvant, a spokesman for the National Association of Realtors (NAR).
With this extension headed to the president’s desk, we want to ask you: