CARDIN LAUDS EXTENSION OF TAX CREDIT FOR FIRST-TIME HOMEBUYERS, NEW CREDIT FOR STEP-UP PURCHASES

Washington, DC – November 5, 2009 – (RealEstateRama) — U.S. Senator Benjamin L. Cardin (D-MD), co-chair of the Senate Real Estate Caucus and one of the authors of the first-time homebuyers’ tax credit, today praised the Senate for its timely action to keep the $8,000 credit from expiring at the end of this month. In September, Senator Cardin led a group of Senators, including Johnny Isakson (R-GA), Harry Reid (D-NV), John Ensign (R-NV), and Debbie Stabenow (D-MI), introducing a bill to extend the first-time homebuyers’ tax credit