Is it time?

We finally know what the governments stimulus package is...and it does provide a tax credit to first time home buyers. $8000 for all sales until December 1 , 2009, available to those who have not owned a home in the last three years....whose income is $75,000 or less for singles and $150,000 for couples. This is a significant benefit to those who qualify and should be taken advantage of ...why not....it is certainly better to own a home than rent.

House values have never been better....interest rates are currently at around 5.25%....not many times in our lifetime has it been more advantageous for buying....

President Obama will announce more this Wednesday regarding his housing plan (it is rumoured to be aimed at lowering payments....one would assume this will be done via lower rates...not sure but we shall see).

Rock on!

Get Involved

There is some good potential in what our governments stimulus package (at least the Senates version) may bring. For housing the proposed $15,000 tax credit for anyone buying a home is significant step towards bringing "fence sitters" into the market...which should help reduce excess inventory and foreclosures, as well as improve consumer confidence.

Stay tuned, and get involved. Go to http://www.fixhousingfirst.com/ for more details and to communicate with your legislators (right now the focus is your senators) to support this effort. Tax breaks have proven to be effective to economic recovery.

Rock on.