7500 tax credit - can 1st time home buyers kick start the economy?

With the massive stimulus bill signed into law by President Obama it's time for all of us to talk with 1^st time home buyers.  Couple that 7500 tax credit benefit with the news that the Wall Street Journal put out yesterday saying  "the relative, after-tax cost of owning a home dropped to 125% of the cost of renting a home" why would anyone choose to rent IF they can buy?  Need more reason's to start talking; take into consideration that interest rates are at an all time low.  I shake my head almost in disbelieve at a closing table where my clients mortgage rate is below 5%! 

I don't have a crystal ball but with all these factors coming together - we're certain to pull buyers into the spring market who otherwise would have stayed on the sidelines.  But we have to get the word out.

And here's more good reasons; here in the Triangle our inventory of homes is plentiful - right now today in Raleigh there are 4,302 active listings, in Cary 1,068, and in Apex 472.  There is certainly one that fits for everyone.

It's up to all of us to educate our clients, their children, and our own children about the benefits of owning a home right now. 

I for one am on a crusade.  Why? Because I don't care how many homes I've sold over the past decade none have brought a brighter smile to my face or tugged at my heart more than when helping 1^st time home buyers close on their home.  There is so much excitement and pride in them.  And they are always so grateful...

It's time to get the word out. The opportunities are pretty tempting but they may not be around for long.  So get on that soap box and don't let anyone miss a chance to fulfill their dream of home ownership.  It's a great time to buy a home!  Could it be that the 7500 tax credit for 1st times home buyers will be the catalyst in saving the US economy..  interesting thought.