This week is a big one in our efforts to extend the homebuyer tax credit. The Senate Finance Committee is expected to consider an amendment to an unemployment insurance bill that would extend the homebuyer tax credit to the middle of 2010, increase the income limits, and remove the first-time homebuyer restriction. U.S. Senators Dodd, Lieberman and Isakson are co-authors of this amendment.
As we get closer to the Nov. 30th expiration of the current Homebuyer Tax Credit, North Carolina REALTORS® continue to make their voice heard in Congress. So far, almost 170,000 responses have been generated across the country with approximately 7,000 of those from right here in North Carolina. At 20.5%, this is by far the highest response rate here in NC for a Call for Action. There are a total of 14 states that are over 20 percent and we have the largest REALTOR membership of those 14 states. NC REALTORS® Political Specialist David McGowan has spearheaded North Carolina’s response efforts, which has been fueled by increased participation in the Broker Involvement Program.
Also, NC REALTORS® President Sandra L. O’Connor is contacting US Senators Richard Burr and Kay Hagan to encourage them to support the Dodd, Lieberman and Isakson amendment. And we have initiated an effort to have NC’s local board presidents do the same.
As a long serving Realtor myself its important to me that we see this intiative through to keep our economy from stalling.
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