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The National Assn of Homebuilders has representatives in Washington DC today pressing for passage of a bill, "Fix Housing First." I'm behind it and encourage you to get behind it as well. In a nutshell, the two key provisions are:
(1) The federal government would offer a tax credit of between $10,000 and $22,000 (depending on locale) to anyone closing on the purchase of a home, new or resale, by December 31, 2009. The credit would not have to be repaid, which is a major upgrade from a tax credit passed last summer; and
(2) The government would provide a federally-subsidized 30-year fixed rate mortgage of 2.99 for all home purchases, new and resale, closing by June 30, 2009. After that, the rate would be 3.99 for purchases closing by December 31, 2009.
Visit
Let's get housing fixed now!
www.FixHousingFirst.com for full details and a direct link to your Senator and Representative.Montgomery Real Estate: Regulatory Reform Expected With Obama Presidency
The upcoming presidential transition comes at a time of great challenges within the housing industry and the economy at large. Consequently, many are wondering what a Barack Obama presidency will mean for real estate and housing issues.
National Association of Realtors analysts expect the Obama administration and the new Democratic-controlled Congress to focus on regulatory reform of the financial services industry, with potential changes to Fannie Mae and Freddie Mac.
This fall, Obama responded to Realtor® Magazine’s questions about the mortgage crisis, sustainable development, housing affordability and other topics. Read the interview.
to learn more about Montgomery real estate, please contact us at 334-834-1500 or visit HatTeam.com.
MLS 260684
Displaying blog entries 11-19 of 19