Update on the $8,000 Tax Credit

I recently had a conversation with our local congressman about what may be happening to the first time home buyers tax credit as it now exists. It sounds like our Representatives in Washington are leaning towards allowing all buyers of real estate to use the tax credit and it may be increased to as much as $15,000. I expect the program to be passed by both houses. What this will do for homeowners in the price ranges above $200,000 should help stabilize the prices and hopefully see an increase. Stay Tuned! This is good news York, PA.