Housing Complex

White House Considers Extending $8,000 HomebuyerTax Credit

RobertGibbs

This past weekend, the Washington Post did an excellent job envisioning a nightmare scenario: Searching, finding, going under contract and closing on a house by November 30.

Why the rush? The $8,000 first-time homebuyer tax credit is scheduled to expire by then.

But with people scrambling, White House spokesperson Robert Gibbs said today that the president's  economic team is evaluating the credit's impact, and will soon advise him about whether to propose an extension.

Image from Wikimedia Commons by Pete Souza

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