According to Sue Wolverton, Regional Senior Vice President, Coldwell Banker Residential Real Estate, Southwest Florida, ìAs Floridaís leading real estate brokerage company, our support of Senate Bill 1678 is an effort to help homebuyers who are running out of time to achieve their real estate goal by taking advantage of the federal program. Buyers can be encouraged by favorable prices, attractive inventory and low interest rates.î

While the tax credit extension would be good news, buyers should note the August Case-Shiller Home Price index, rose 3% from the first to the second quarter of 2009. This further supports making a move to buy now rather than waiting.

ìTo help buyers meet the looming November deadline, our sales associates have the experience, tools and information consumers need to identify a property, make an offer and get to the closing table,î said Wolverton. ìWhatís more, mortgage advisors at Coldwell Banker Home Loans can provide same-day loan decisions and assist buyers through the process, describing financing options available to best suit their needs.î

Because first-time homebuyers are the first link in the chain in the home ownership process, extending the tax credit can go a long way to creating a healthier housing market ó a much needed boost in the arm for the economy.