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Face it real estate agents and home buyers, that ,000 tax credit that the Senate floated by you last week is nothing but hot air. They have already agreed in principle to bring it back down to the ,500 tax for first time home buyers in the compromise committee.

Yep, you the home buyers and sellers are left hanging in the deal. It was a linchpin for getting it through the Congress, but when the one time that the average American could get some help, the housing industry find it’s bottom, and those desperate to sell their homes get some relief, Congress says too bad.

So let the social programs get billions, 300 million for golf carts get funded, but the American homeowner, a foundation of our country see some relief, you take the rug out from under us.

And now we have a double whammy. Potential homebuyers have been sitting on the sidelines waiting to see if the government meant for us to get the ,000 to buy a home. So instead of making offers in February they have been led on a dance by politicians.

And then in a couple of months the news will be full of doom and gloom when no homes sold in the month of February scaring the heck out of all of us. And every media outlet in the country will forget it was the politicians who did this to the market.

Congressional negotiators are close to agreeing on a ,500 tax credit to encourage home sales, instead of the larger, ,000 credit that was in a Senate-passed economic stimulus bill, Senator Joseph Lieberman said on Wednesday.

Lieberman said, “Yes, definitely,” when asked by Reuters whether the negotiators were leaning toward the smaller credit for first-time homebuyers that was in a House-passed bill.

Separately, during a Senate committee hearing, Senator Bill Nelson said the ,000 credit is “likely … to be cut down to a ,500 credit” for homes bought after Jan. 1, 2009. .

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