HOME BUYERS get a $15,000 tax credit for ‘09 purchase

"The proposal would let anyone who buys a new or existing home within one year of the enactment of the economic stimulus bill get a credit on his or her tax return of $15,000 or 10 percent of the home’s purchase price, whichever is less. It would only apply to the buyer’s principal residence, and the buyer would have to stay in the home for a minimum of two years." - AJC

This is a great opportunity for ALL home buyers not just first time buyers like the current tax break right now. If you are a home buyer, use this time to start doing your homework and interviewing agents to get your feet wet in the market. Need to start previewing homes and neighborhoods now before this is passed. Don't want to play catch up afterward and lose some good buying opportunities. Many home buyers have been held back since last year, so a buying spree may explode upon approval of this bill. Don't get left out on the great deals that are out there.