Fruitport, MI

$8,000 tax credit for first-time homebuyers. Note that this credit does not need to be paid back, unlike the original $ 7500 origina credit. To qualify, the purchase has to be made between January 1st, 2009 and before November 30th, 2009 and you have to stay in your home for three years.. Note that this credit does not need to be paid back, unlike the original $ 7500 original credit To qualify, the purchase has to be made between January 1st, 2009 and before November 30th, 2009 and you have to stay in your home for three years.

Temporary credit increase for home buyers: A $500 increase, to $8,000, in the existing temporary and refundable first-time home buyer credit. The new provision removes the requirement under current law that the credit be paid back if the buyer stays in the home for at least three years. It also extends the credit's expiration date to Dec. 1, 2009. To be eligible, homeowners must buy their homes after Jan. 1, 2009, and before Dec. 1, 2009. Individuals making no more than $75,000 ($150,000 for joint filers) can receive the full credit.

Economic forecasters predict better 2009

University of Michigan economists see no growth in the national economy for the rest of the year, but they expect more economic indicators to point toward a turnaround starting in 2009 - crediting the Federal Reserve for keeping the economy froestatem a full-blown recession.

In the Real business many agents are see more serious buyers in the market place with prices in many cases at the lowest they have been in 15 years. Buyers are getting off the fence and buying but with a 18 month supply of 3400 listings in Muskegon we are hopping for n some kind of a recovery in 2009 also. So if we have not seen the worst yet we will likely see the end in the next few months with a slow recovery. If you would like current Muskegon Market info Please call me at 2312063367 or email david@sellmuskegon.com