First Time Home Buyer Alert

Greetings from Louisville, Colorado: I just received this is a short note, and i thought it was important for you to know. First CNN is reporting that the new stimulus package being reviewed by congress has a stipulation in it that will make the $7,500 first time buyer credit a true credit, not a 0% interest loan that needs to be paid back. Apparently the response to the original incentive has not been very positive so the logic goes that if the government makes it a true tax credit it will stimulate more purchases. The estimate is that it will stimulate an additional 10% in home purchases. I will let you know more as it happens.