Homebuyer Tax Credit Passes in a Landslide

On Thursday, Congress authorized the extension of the Homebuyer Tax Credit. The vote was 98 - 2 in the Senate and 412 - 12 in the House. The President's signature is expected within the coming days.

While I had little doubt that Washington would overlook the impact of the tax credit and therefore fail to extend, it must be noted that the overwhelming support in Congress can be directly attributed to the "Invasion of Normandy" style mobilization of the National Association of Realtors and it's members lobbying efforts.