First Weber Group REALTORS®: Wisconsin Real Estate

Did you hear the Housing Recovery Act has passed? Do you know what it means?

It is important news effecting first time homebuyers - they purchase 39% of the residential real estate in America. The first time home buyer is the ENGINE that drives the residential real estate market, and for Congress and President Bush to target this group with a substantial tax credit to reward their investment in real estate makes PERFECT sense. The credit should help restore confidence in the real estate market and the economy in general.

Combining this tax credit with historicaly low interest rate and a large inventory of available properties arguably makes the second half of 2008 and first half of 2009 (credit ends July 1, 2009) the BEST time in recent histoty to buy a home. 

Click here for pdf of the First Time Home Buyer Tax Credit

What do you think about that?!