GOOD NEWS! (And there doesn't seem to be that much of it lately!)

Last week, the U.S. Senate unanimously approved an amendment to the Fiscal Year 2010 Budget Resolution by U.S. Senator Johnny Isakson, R-Ga. The amendment seeks to stimulate the nation's declining housing market by providing for a $15,000 tax credit to individuals who purchase a home in the next year.

The limit on the housing stimulus tax credit will be $15,000 or 10% of the purchase price, whichever is less. Having been previously voted down and/or reduced in previous years, this amendment seems to have a good chance of surviving.

Senator Johnny Isakson is a good friend to the real estate business, having spent more than thirty years as a REALTOR®.Because of his lengthy and respected experience in the real estate industry, Senator Isakson is devoted to helping the housing market and has a unique understanding of the effect of the real estate market on the economy.

To read the full press release regarding the U.S. Senate Unanimously Approves Senator Isakson's Housing Stimulus Amendment, please click here.

If you have any questions about the current Federal Tax Credit of up to $8,000 for first-time homebuyers, please contact The Gebhardt Group.

 Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/