LAS VEGAS — One of the nation's leading real estate executives offered credit union mortgage executives a robust defense of the home buyers tax credit that had been in place earlier this year.
James Gillespie, CEO of Coldwell Banker, told credit union executives that while he did not defend all the spending decisions the federal government made, the new home buyer tax credit had been a wise expenditure.
Some economists and pundits have criticized the home buyers tax credit for not bringing new buyers into the real estate market.
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