Here is the headline from the AP Story that ran yesterday “Senators agree to extend homebuyer tax credit”. Look spretty good, doesn’t it? Reading that, you would think we were in the clear, tax credits for everyone! Well, I hate to 
rain on everyone’s parade, but we still have a long way to go.
Think of this process like looking at the moon through a telescope, it’s there, you can see every
detail, you almost feel like you can reach out and touch it……. yet it is still thousands of miles away.
According to a quick release from The National Association of Realtors today, the Senate is voting on an amendment to Extend Unemployment Insurance Benefits. In this bill, there is an amendment titled “Dodd-Lieberman-Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit”.
T
he 99 Cent effect, maybe you’ve heard of it, maybe not, but did you ever wonder why prices end in 99? Turns out there is a proven psychological effect (dating all the way back to 1800’s) with prices that end in 9. Researchers at the Rutgers School of Business found that prices ending in .99 communicate low price to consumers and consumers are then more likely to buy.
