A Call to Action

C.A.R. and NAR are asking that members contact their congressional representatives and urge them to extend the federal tax credit for first-time home buyers, set to expire next month on Nov. 30.
A recent survey conducted by C.A.R. to gauge the role the federal tax credit played in the purchase decision of first-time buyers revealed that nearly 40 percent of first-time home buyers reported they would not have purchased a home without the tax credit. Nearly 70 percent of recent first-time home buyers surveyed said the tax credit was "the most important" or a "very important" factor in their decision to buy a home.