Friday, February 6, 2009

$15,000 Tax Credit Beefs Up the Big Obama Bail Out Even More

Photo by Breslow on Flickr.

Breaking news has made the media and it's my duty to share it with you....the Senate voted to include a $15,000 homebuyer tax credit to the stimulus package a.k.a. the big Obama bailout. This is a huge step up from the original $7,500 tax credit because it is available to all homebuyers and it does not need to be repaid back. I'm a guy of faith and if history repeats itself, I'm confident we will see a recovery sooner rather than later. In the mid 1970's we faced a similar housing crises and the tax credit passed by congress then resulted in stabilized home values, decreased housing inventories and a recovered market. A mixture of history and faith goes a long way!

Read the full release from Isakson's office here [US News & World Report]
Analysis by the National Association of Home Builders []

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