You may have seen news reports about President Obama’s budget proposal that was released today.  A small section of the sweeping budget plan has the potential to become a major impediment to a recovery in real estate markets across the nation. The National Association of Realtors is 100% opposed to the provision that modifies the [...]

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As part of the economic stimulus bill awaiting President Obama’s signature on Tuesday, Congress has approved a new $8,000 tax credit for first-time home buyers. The new credit is 10% of the purchase price up to $8,000. There is no “re-payment provision” as there was in the previous tax credit. Home Purchases between January 1, [...]

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