Possible Extension for First-time Homebuyer Credit

The $8,000 tax credit that has helped 1.4 million first-time homebuyers since it was put in place last year may be extended for an additional 6 months. The credit, which is set to expire on December 1, has helped to, "spark a rebound in the sluggish housing market", according to this Denver Business Journal article. The National Association of Realtors is supporting this tax credit extension.