Important News and Techniques for Today's Real Estate Market

Although it was passed unanimously by the Senate, there have been several disappointing revisions to the $15,000 tax credit bill once it was included in the package legislation known as "the stimulous package".  For one thing, it is no longer $15,000 but either $7,500 or $8,000 (several bits of information cite both numbers, so--as always-- look to your accountant for the final approved version).  It is also no longer for ALL homebuyers, but is only for first time homebuyers.  This is ALSO in question, so please stay tuned for details.  Unlike one of the other versions, the recapture, or repayment provision has been removed.