I recieved this email from the National Association of Realtors earlier today.  Good news for those buyers that are already in the pipeline.  I’m ready to have government out of the real estate market, but for those that are hoping for a credit this is certainly the new we were hoping for.

Dear fellow REALTOR®,

I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010.  This is a huge win for REALTORS® and homebuyers, and NAR worked closely with members of Congress to make it happen.

The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed.  There will be no gap between June 30 and the date the President signs the bill into law. 

Additionally, Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted.  NAR will continue to work with Congress on the NFIP Reform bill, and we will keep you posted on those efforts.

For additional information on both the tax credit deadline and the NFIP, visit Realtor.org/Government_Affairs.

Neither of these bills would have passed without your support.  Nearly 83,000 REALTORS® responded to our latest Call for Action, sending more than 250,000 letters to Congress asking them to extend the National Flood Insurance Program.  I know many of you also raised your voices in support of extending the tax credit deadline.

On behalf of NAR, I thank you, and I ask that you visit the RealtorActionCenter.com and make your voice heard on every issue.

 Vicki Cox Golder, CRB
2010 NAR President

If you were waiting for this good news you can feel free to celebrate a little bit.  I know I would be if $8000.00 was back on the table coustesy of Uncle Sam.


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