I've read a few articles on the latest massive stimulus package coming down the pike. One item that's caught my eye is the proposed $15,000 credit for new home buyers that isn't just for first-timers. This could be a real boon for people in the market right now. I know of one friend who's looking. This should be the incentive he needs to make a move once this is put in to action after the Pres signs the bill on Tuesday.
Of course, there will be stipulations around it and you should talk with a CPA to make sure you fully understand the program before going out and buying a home based on it. Sure does sound like a winner at this point though. If this program were to be combined with 4% interest rates, which I've heard talked about we could see some serious buying action throughout this year. Wish I could participate.
It now appears that the real boon here is just $8,000 and it's for first-time buyers only. Still good, but not for as many people.
Posted by: Michael Neuendorff | March 15, 2009 at 11:25 AM