President Barack Obama is signing the Stimulus Package.. making it law this afternoon. So what's in it for the housing industry? If you're a first-time homebuyer, you'll receive an $8000 tax credit. Some were hoping for more. (The Senate had included a $15,000 credit for all homebuyers, but that's not to be.) Evenso, the housing industry will take what it can get.
Click here to read more information at usatoday.com. http://www.usatoday.com/money/economy/2009-02-12-stimulus-package-effects_N.htm
And here's a heads-up for those homeowners feeling the threat of foreclosure. On Wednesday, Obama is expected to release details on a 50 billion dollar plan to help slow foreclosures and reduce mortgage payments.
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