WASHINGTON – Feb. 23, 2010 – The National Association of Realtors® and other industry groups again are pressing U.S. lawmakers to extend the homebuyer tax credit. Legislators have done so twice already, but realty practitioners say the housing market is still fragile and the incentive is a sorely needed shot in the arm.
Realtors are stressing to elected officials that this is an election year for many, and that a series of other market supports are already in the process of being eliminated.
Finally, NAR and other industry groups argue that the credit should be renewed because banks are taking too long to approve short sales.