First-Time Home Buyer Tax Credit Having Huge Effect Says Economist

Talk Radio News Service Bureau Chief Ellen Ratner speaks with Dr. Lawrence Yun, Chief Economist with the National Association of Realtors. Yun discusses the first-time home buyer tax credit which was part of the stimulus plan, and how it has positively impacted home sales of late. Yun says that there has never been a better time than now to buy a home, but adds that the time to take advantage of the tax credit is running out. Says Yun, unless his organization can successfully lobby Congress to extend the deadline, home buyers will need to close by the end of November. (4:11)
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