October 28, 2009
Home sales were up 9.5% in September, thanks in large part to an $8,000 tax credit for first time homebuyers. Many members of Congress are pushing to extend the credit beyond its December 1 expiration, but the White House harbors its doubts. An IRS watchdog group told Congress that hundreds of millions of dollars have already been fraudulently claimed. Is the bump to home sales worth the cost? Larry Mantle learns more.
Richard Green, Director, Lusk Center for Real Estate, USC
Xavier Becerra, U.S. Congressman (D-CA 31)