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When the tax credit got extended from November to April, Senator Isaacson said then that this would be the last homebuyers tax credit. To date, I have read nothing that even implies the Administration and/or the Congress are even thinking about extending it.
There are plenty of benefits to homeownership. Housing inventories are high and mortgage rates are near historic lows. The average homeowner's net worth is more than ten times that of a non-homeowner. Holding on to your house for a long term has more security than any stock or bond. There are also other tax advantages just waiting for claiming.
Don't put off buying a house just because there is not a tax credit. That was just gravy anyway.
I would never be purchasing before "everything in my life was in place". I am purchasing because I am at the right place, not because of the tax credit. I was just curious if there had been any discussion out there about that.
Thank you for your helful response.
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