How Will Real Estate Respond to the Stimulus
Ah, the million dollar question. According to the National Association of Realtors a few hundred thousand extra transactions will take place as a direct result of the real estate portion of the recently signed stimulus package. The provision directly responsible is the $8000 tax credit for first-time home buyers that does not have to be repaid as was the case for last year’s ‘credit’.
While I am convinced…

