The proposed extension of the Home Tax Credit is still pending.

Latest news from the National Association of Realtors (June 25, 2010) mentions that NAR is working with members of Congress and Senate on a possible extension of the June 30, 2010 deadline for closing contracts eligible for the Homeowner Tax Credit. The drawback for this extension to pass is that it is involved with other sensible political issues like unemployment bill.

Hopefully the Credit Extension deadline will be considered and voted on this week. In the meantime, those impacted should proceed as if the June 30, 2010 date is binding.

Keep you posted!