Fix Housing First Homebuyer Tax Credit - Senate Bill 253

The new senate bill 253 - Fix Housing First Homebuyer Tax Credit could be a very much needed first step in stimulating the housing market. This bill would not only extend the time period for receiving the tax credit, if passed it could also increase the tax credit from the current $7500 to up to $22,000. With record low interest rates and significant tax credit and an easing in the credit markets this could create the "perfect storm" for jump starting the housing market at the homeowner level.