HUD Hints on Home Buyer Tax Credit – Realty Check with Diana Olick – CNBC.com.

“I am also aware of the strong support in Congress for doing more to support the housing market, including extending the First Time Home Buyer Tax Credit beyond 2009. At the same time, I am mindful that these proposals can be very expensive, especially at a time of significant budget deficits. I can assure you the Administration will work with Congress to fashion appropriate and effective home buyer incentives, mindful of both their benefits to stimulating new demand and their costs to the American taxpayer.”

Does concern over the deficit and expense of the First Time Home Buyer tax credit mean that we are going to lose this credit.  St. Louis home buyers need the credit.  But at what expense?

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