Extension of Home Buyer Tax Credit? Not Likely.

By Troy Corman, todayshomedeals.com

Although the National Association of Realtors is lobbying Washington to extend the homebuyer tax credit, it doesn't look likely.

Senate Finance Committee Chairman Max Baucas has been very vocal in his opposition to an extension and has said "it will expire on April 30, 2010, as presently scheduled."

Senator Johnny Isakson, a fomer real estate broker, who championed the NAR's cause last year is also apparently against another extension. I thought that with all of the turmoil going on in Washington that if would most likely not be extended, and that seems to be the case. It may make for an interesting and busy March and April, as buyers have been generally tepid to come back into the home buying market.