The Economic Recovery and Stimulus Package has been signed by President Obama. We are told that we are on the "road to recovery" now that much needed funds are earmarked for spending throughout the United States over the next 3 years. Although this is not a quick fix it is a beginning.
Visit http://www.Realtor.org, bottom right hand corner or the home page, "Unlock American's Economy," for detailed information regarding how provisions of this stimulus package will affect the Housing Industry. Take the time to listen to the NAR President's Broadcast as the President of the National Association of Realtors®, Charles McMillan, NAR's Chief Lobbyist, Jerry Giovaniello, and NAR's Chief Economist Lawrence Yun discuss the housing provisions in the new law and their impact on the real estate market and the overall economy.
There is no doubt that this is a fabulous time to make property purchases. Values in most areas of the United States and certainly Florida are around the 2002 level and interest rates are at an all time low. For purchasers of single family owner occupied or investment properties the opportunities are numerous. For first time homebuyers or those who have not owned property for the last three years the $8000 credit to be applied to your 2009 tax return is incredible.
Do not miss this opportunity! It is a "once in a lifetime" deal; and, there are funds available for real estate purchased by qualified buyers.