IMHO, they won’t publicize the renewal until the first tax credit expires. If they pre-announced it, people would stop buying right now in anticipation of a bigger, better credit next year.
If they hold off on the announcement, they can “surprise” everyone with the (bigger, wider-ranging?) tax credit…right in time for the spring fling of 2010.
With everything they’ve thrown at the housing market, it’s almost guaranteed they will extend and expand the program next year.
Lucky us. 🙁 Another year of “green shoots” before we can (hopefully, please?) get back to correcting the distortions caused by all these subsidies.
