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These past few days I've been watching the news to see how the Stimulus Package will affect the Housing Market. The latest I've heard is that the housing credit has been reduced to $8000 for first-timers only, but it doesn't need to be paid back. This isn't as good as the $15,000 for anyone purchasing a home with no pay back, but sure beats the $7500 that has to be repaid. Apparently, the stumbling block in Committee was if the credit was open to all buyers and the rational was to soak up the inventory, all the people who own homes
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