Experts credit the slight pulse in the housing market to a Stimulus package program, which gives buyers $8,000 cash back for a purchase in 2009. This program seems to be working, at least in the short term, and Congress should renew or extend it when they resume session in September. Another popular Stimulus program was Cash for Clunkers, which was extended once doubling the federal money allocated to it from $1 billion to $2 billion dollars. If a carrot works, use it.
Filed under: Finance, News, Politics | Tagged: bottom, Hawaii, home, home sales, house prices, house purchase, housing, irs, james cramer, new york magazine, real estate, stimulus package, stimulus refund, tax credit | Leave a Comment »



