Finally some good news from Washington to help Heat up or real estate industry.

The new credit, approved by the Senate Wednesday night, Buyers would get 10 percent of the purchase price of any home, up to $15,000, applied to their tax bill.

Consumers would be allowed to spread out the credit over two years, making it possible for those who pay less than $15,000 in taxes to benefit. Anyone who buys a home within a year of the bill's signature would qualify. To deter speculators, buyers must occupy the house as their main residence for at least two years.

The total cost to the federal government is estimated to be between $19-$36 billion dollars. That seems like a drop in the bucket compared to all the other usless projects and funding that has been approved in the last six months.(My Personal favorites are:$4 million dollars for wooden arrows and Puerto Rican rum, racetracks and film producers.) But that's for another blog.