Hopes are high for real estate tax credit extention

One of CNBC's reporters, who recently attended the National Association of Realtors conference in Washington, D.C., is reporting that the Federal Housing Administration is hoping to be able to further strengthen the economy by working on a plan to provide more assistance to home buyers. 

One of the options being discussed by the Federal Housing Administration is to offer a tax credit extension.  They would do this by giving all home buyers the tax credit that is currently being offered to first time home buyers.  

The Federal Housing Administration believes that this will help jump start the real estate market and in turn help the economy as a whole.  

If you are looking to purchase a house in Staten Island contact Steven Decker, Staten Island real estate attorney at 718-979-4300 or sdecker@dddilaw.com.