About Daytona Beach Shores' Dimucci Twin Towers

The government passed the extension of the 1^st Time Home Buyers Tax Credit last week. This was a long anticipated move and will certainly help more people buy homes in the months ahead. The interesting part of the extension was the inclusion of a $6500 tax credit for move up buyers that purchase a new primary residence. To qualify, a buyer would need to have lived in their current residence for 5 of the last 8 years. They are not required to sell their existing home, but must declare the new home as their primary residence. It will be interesting to see how many people take advantage of this. It may help break the sales slump of homes in the higher price points. Click Here to see The Florida Realtors issued this press release.

There are many people that feel the economy will benefit in 2010 from the stimulus packages set forth in 2009. Unemployment and inflation appear to be two issues that are not quite at the forefront of most agendas, but may ultimately have the greatest say in the viability and sustainability of any recovery. The full force of economic growth will not be felt until the jobless rate decreases. The risk of inflation may not be as great during the early phases of the recovery as policy makers are typically hesitant to raise interest rates significantly or sharply during any initial economic improvement. While I am not suggesting that interest rates will be low indefinitely, it does appear that the increases will be gradual. It's Good News for consumers if this theory holds true. Click here to see an Interesting article on CNBC.