Real Estate Opportunities via Federal Stimulus

The changing economy has had varied effects on the real estate market. Understanding these changes is the key to making the most of them. I have a done a little research on recent changes to the economy that we might be able to take advantage of. There are a slew of new policies brought on by the relief programs, funded by federal bailout money. The Obama Stimulus Package proposes that the 7,500 dollar tax credit for first time home buyers become non-repayable. This means that if you are a first time home buyer, not only do you get to take advantage of the traditional $7,500 tax credit, but now you don't have to pay it back. The theory is that this incentive will create more purchases and decrease the supply of homes on the market. Of course this stimulus is only beneficial for first time home buyers, so Investors are pushing the Obama administration to make the stimulus package apply to all home purchasers, not just first time home buyers. According to economist this stimulus package could create 500,000 extra home purchases (and give us the opportunity to make some extra money on real estate investments). First time home buyers are certainly receiving an abundance of blessings from the government. I encourage all first time home buyers to inquire about down payment assistance and all other first time buyer programs. People are figuring it out. FHA loan applications jumped 19.2% last week, and if these incentives go through I am sure they will continue to climb. Take advantage of the programs available. Tomorrow I will let you in on more secrets to surviving market change.

If you are interested in buying or selling real estate in Bryan College Station contact Cortiers Luxury Realty by clicking the following link, Bryan College Station Real Estate, or call the office at 979-985-5610.