Should Congress Boost the $8,000 Home-Buyer Tax Credit?

The Business Roundtable is ramping up a new lobbying effort in favor of an even bigger home- buyer tax credit. (See today’s story.) The group, an association of chief executives from large corporations, is pushing for a $15,000 tax credit that could be used by anyone.

Congress last year approved a 10% tax credit up to $7,500 for first-time homebuyers, and in February boosted the credit to $8,000 and extended it until Dec. 1. The current credit phases out for buyers with incomes exceeding $170,000 for married couples and $95,000 for individuals.

The National Association of Realtors has said it will join in the push to extend the tax credit through 2010. But it’s not clear that Congress has any plans to address this anytime soon, as it prepares to work on health care legislation this summer.

Read more from the Wall Street Journal

Boston first-time homebuyers. Looking for a Boston Condo

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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