If you click on the TBWS box and view today’s video, you’ll discover that the Administration is now considering re-enactment of the expired tax credit.  Talk about floating a trial balloon!

If this comes to fruition, it will:

1. falsely inflate the sagging real estate market;
2. drive today’s buyers very quickly into negative equity faster when it expires (assuming it will);
3. buy votes in the upcoming election;
4. benefit NAR union members.

IMO, re-enactment will accomplish nothing positive over the long term, and will re-introduce confusion into the free market.

Read more at : http://washingtonindependent.com/96138/a-revival-of-the-homebuyer-tax-credits