Good Monday Morning!
Hope everyone enjoyed the beautiful weekend. It felt like spring, even if only for a few days.
In an effort to jump-start the national housing market , Senator Johnny Isakson, sponsored an amendment to the economic stimulus package that is making its way through Congress. Wednesday the U.S. Senate approved an amendment that will give a $15,000 tax credit (10% of the sales price up to $15,000) to anyone who buys a home as their primary residence and would be in effect for one year after the stimulus bill is signed into law. According to Isakson, this tax credit is patterned after a 1975 tax credit that assisted in jump-starting the depressed economy and the effects continued long after the measure expired. To view the case study click here. Passage of this Bill by both the House and the Senate would be a good step at ending the nation’s housing market slump.
Housing has always lifted our economy out of past economic downturns. Help get the national housing market moving now so that the economy can recover.
While the final details of the Stimulus Package are still being debated, I strongly urge anyone who is passionate about turning our country's housing industry around to call or e-mail your Senators and Representatives and urge quick passage of this Act.
Have a Great Week!
HOT HOME LISTING OF THE WEEK!
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23274 E 89th Street S, Broken Arrow, Oklahoma
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Price: $375,000.00
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Beds: 4
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Baths: 4
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Sq Ft: 4516
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Description: Deborah Green | RE/MAX Executives | 918-282-6385 23274 E 89th St S, Tulsa, OK *** IMMACULATE SPLIT LEVEL HOME ON OVER AN ACR ....
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