Fabulous news on the housing bill being allowed to proceed by the White House: A $7500 first time buyer's tax CREDIT is part of the bill for anyone purchasing a home (first time) before July of 09! This tax CREDIT is worth about $15,000 in cash to a buyer and should be marketed heavily to your client base. Why? Think about it: Mom and Dad or Granma and Grandpa see that junior can receive such a credit, so they offer down payment assistance to help junior obtain a home. They can GIVE Junior twice the previously allowed money as a gift because Junior will receive that huge personal tax credit! It's a great thing for young buyers and I feel it will jump start a lot of activity for buyers! The bill might be signed this week. Get word out tol all you clients that this is a GREAT time for their kids to purchase that first home!