Friday, February 13, 2009

Optimism coming to the housing market

According to the CNNPolitics.com, the final Stimulus bill has some definite winners and losers. The housing market has fallen into the winners category. The Stimulus bill will include $2 billion to be set aside for neighborhood stabilization. It is also said that First time home buyers will be getting an $8,000 tax credit if they purchase within this calendar year. This tax credit does not have to be repaid like the similar bill last year. The estimated cost is $6.63 billion.

Right now is a very good time to buy. Wipe off that pessimism and look at the opportunities. Home prices are down with desperate banks looking to clear themselves of the heavy burden of bad debts. The economy will not begin looking upward until the housing market is demonstrating movement.

So let's stimulate the economy.

For more information on the Winners and losers of the Stimulus bill, visit
http://www.cnn.com/2009/POLITICS/02/13/stimulus.winners.losers/

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