As a Real Estate Broker in Payson, AZ -- now is a great time to buy Arizona High Country Property. Take advantage of this great tax benefit and interest rates below 5%. Boulder Creek is the most beautiful property in town with National Forest in your front and back yards.

Give me a call for more details -- 928-978-3198 or e-mail me at pamclarkrealtor@msn.com.

Great info. This may actually make me re-think moving this year.

Bryan

Everyone in Real Estate is talking and hoping that this amendment added to the Economic Stimulus package currently making its way onto President Obama's desk will stimulate home buying.

Will it work? And what are the details (where the devil is)?

 It looks good on the surface:

The $15,000 tax credit can be taken over one year or two years.

It does not have to be repaid.

It will apply to anyone who buys a home -- not just first-time home buyers.

The tax credit is a credit, not a deduction, meaning you will get the full $15,000.

The $15,000 tax credit is the lesser of $15,000 or 10% of the price of the home.

It will be allowed for homes purchased within one year of when the bill is passed. 

The former tax credits of $7500 for first-time homebuyers, which was in place in previous years, will no longer need to be repaid.

Okay, so these are some tidbits that I've come across during research on the topic. Has anyone found additional info?

Why will or won't this help our real estate markets?