Archive for June, 2009

18Jun, 09

On May 20, 2009, U.S. Senator Johnny Isakson, R-GA., introduced legislation designed to stimulate residential real estate sales by expanding the first-time homebuyer tax credit which was passed by Congress earlier this year (discussed in earlier articles at this site). The legislation seeks to increase the maximum amount of the tax credit from $8,000 to ... more

11Jun, 09

President Obama recently signed into law the $787 billion economic-recovery package which included a tax credit for first-time home buyers. That tax credit was scaled back from the proposed $15,000 to $8,000 in order to get sufficient support for the stimulus bill’s approval. While this is significantly less than what Obama had proposed, it is ... more