Well it looks like the stimulus for homebuyers is going to happen. It is 8,000 instead of 15,000. Still 8,000 can make the difference with first time homebuyers big time.

Instead of me going over it all,  click here to view an article giving more details. It can be confusing and I am sure more will be coming out on it soon. There are income limitations which probably won’t be an issue in most cases. Hopefully this will get more people off the fence as it is like buying a home at a discount. If you qualify for the entire 8,000 that is not a bad discount.

(Update: after I posted this, I read that you have to have the money to close up front on the home then you get it later. This will be a major issue as a lot of the buyers won’t be able to do that)