LAST winter, Congress approved an $8,000 tax credit for first-time homebuyers. As a front-page Seattle Times story illustrated, the tax credit has “helped fuel a surge in home sales, nationally and locally” ["First-time buyers ignite home sales +14.3%," page one, Oct. 6].

It helped sustain a market that is essential for the broader economy through the worst economic recession since the Great Depression. The tax credit is set to expire at the end of November. However, with the market still struggling, it would be wise to extend it.

Full story is availalbe on Seattle Times