From Sean Cutright's real estate technology blog:
Much has been said about the housing market since last week's conception, acception, reduction, deposition and, eventually, inclusion (albeit reduced) of the home buyer tax credit.
Today, President Obama spoke about a plan to address foreclosures. But rumor has it, the home buyer tax credit may resurface in its original form as a separate bill from the now signed economic stimulus bill.
You may recall that the initial proposal offered up to a $15,000 tax credit to any primary home buyer. By the time the stimulus bill was signed, the tax credit had been reduced to $8,000, was only good for first-time home buyers, and only applied for homes purchased by the end of August (later reports pushed that date back to December 1).
Johnny Isakson (R-GA), who initially proposed the bill, intends to bring it back up, according to an Arizona real estate blog. It will be interesting to see how this plays out, and www.dripmarketingblog.com will keep you updated on the details.
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