New Orleans Real Estate - Economic Stimulus Package

Real Estate Agent with RE/MAX N.O. Properties

How Bush’s new economic stimulus package effects New Orleans Real Estate

Yesterday, President Bush signed a $168 billion economic stimulus package into law. That is a ton of money but will it have any real effects on our economy? Let’s first start with the details:

  • Tax rebates of $600 to individuals who make $75,000 or less, and $1,200 to couples who make $150,000 or less. After those income limits, recipients get 5 percent of however much their income exceeds the limit.
  • Tax rebates of $300 for individuals and $600 for couples who make at least $3,000 from income and Social Security benefits.
  • Each child in a household gets an extra $300 in the rebate.
  • The limits on the size of mortgage loans that can be insured by Fannie Mae and Freddie Mac will be increased from $417,000 to up to $729,750 depending on the median price of the area.

Continued: New Orleans Real Estate - Economic Stimulus Pacakage


Read Also: Myth: Mortage Interest Rates will Plummet in 2008

Read Also: Are We Heading into a Recession?

You may also be interested in: New Orleans Real Estate - The Definitive Blog


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Louisiana Orleans Parish New Orleans
real estate
market update
new orleans

Spam prevention
Show All Comments
Amy Jones
Amy Jones Photo - Mandeville, LA
(licensed in LA)


I am not really an advocate of the "Tax Rebates". It seems like a huge burden on future generations. I hope you are correct in you optimistic view of it helpin our great city. I appreciate that you have explained it so well.   :)

Feb 15, 2008 09:53 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Darryl Glade

New Orleans Real Estate
Ask me a question
Spam prevention

Additional Information