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The Stimulus Package Won’t Be Much Help To Big Bear Home Buyers

With Congress reaching agreement on a $789 billion stimulus package for Americans and the President expected to sign it into law, don't expect it to help boost the Big Bear real estate market. The package contains two benefits related to the overall housing market. The first provision is fairly well-known.  It gives first-time home buyers an $8,000 tax credit provided they purchase a home between January 1, 2009 and August 31, 2009. This is a true tax credit. To reduce misuse and abuse, however, the $8,000 … [Read more...]