Well we continue to hear the debate in the US Senate about what will work the best for the stimulus plan and what is pork and will not create jobs. There are good things and some pretty silly ideas, but I personally see that progress is being made on a plan is making more sense on both sides of the political issues.
One amendment that the National Association of Homebuilders has been working on getting past is the Fix Housing 1st plan that will help stabilize the one thing at the bottom of all of the economic troubles, the demise of a strong housing market. Locally we have been blessed but then we have had a great deal of homes to fix up as well. This fix housing first plan included a $15,000 non refundable tax credit for buying a home. It has been accepted in the senate as an amendment on Wednesday and will stimulate both housing sales and job creation. As it was written I think it includes those who bought in 2008 as well.
This may be the best opportunity to buy a new home with the prices down a little, interest rates way down and now a tax credit to put in your pocket to boot. Like most things let your representatives know that you support these issues. Watch and see what happens to the legislation, if it passes there has been lots of people asking about building this year and if it does pass, builders will be filling up orders for the year very quickly.
Craig Fairbanks
Build Buy or Sell Homes.com
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