There has been a lot of discussion among realtors about the potential extension of the government program for first time buyer’s and the tax credit of $8,000. At this point there is no indication that congress has any plan to extend the program. The best way to approach this situation is with the old adage of “a bird in the hand is better than two in the bush!”.

This program has been a tremendous success, and I (and most agents and buyers) hope they extend it… either way we will not know for some time. We (Gibson Sotheby’s) have a letter in to all of our local congressman regarding the importance of extending this program and the affect it has had on the housing market. I hope they listen!