San Jose Real Estate * REALTOR ® * Richard Gonzalez

There has been much discussion about this program and its ability to get buyers off the fence and now the National Association of REALTORS is making a push to keep this program going through next year. The good news is that there are plenty of buyer out in our market place, the bad news is that there are plenty of buyers in our market place.

Until the inventory levels begin to rise we are going to continue to see a hot market with or without this program. Do I think this is a good program? Yes. I would like to see a tax credit to help those first time home buyers and those folks looking to upgrade to a new home. Home builders are trying to move the little inventory they have. Empty Nester’s(people who live in an empty home now that the kids have moved out) would also benefit from a program like this given young families a chance to live in a home.

I am going to continue to support NAR’s push for an extension of this program.

Read More: NAR Call to Action of $8,000 tax credit