Well things sure do change in a short amount of time. We have a new president with a new attitude which includes a nice boost to the housing market. One part of the Economic Stimulus package that is especially important is that of the $8000 tax credit to first time home buyers. This time when they say "credit" they absolutely mean it! The basics of it are that anybody who hasn't owned a home in the past 3 years, depending upon your state, that buys a home between January 1, 2009 and December 31, 2009 will receive a credit on their income taxes of 10% of the purchase price of the home or $8,000, whichever is less.
Originally the powers that be had agreed upon an up to $15,000 tax credit to all home buyers of 2009, except for investment properties. However, as soon as the House of Representatives got a hold of it they cut it way down. With this new incentive homes that are more ideal for first time home buyers have been "flying of the shelf", especially now that if you buy your home before Tax Day (April 15th) you can even receive your credit this year!!
So I am encouraged to say the least about the strides that are being made to help the housing market all across the country, even if the small minority of bureaucrats on capitol hill are more interested in making the other party fail than help the country that pays their salary.
So in short if you or someone else you know doesn't currently own a home and hasn't for that past 3 years or so......RUN!!!! don't walk to buy a new house, the government is paying you to do it!!
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