Stimulus Bill

This week may prove to be a truly historic one in our industry.

As we write to you, the Fix Housing First Act of the Senate’s Economic Stimulus Bill is currently being debated. This Act includes a $15,000 tax credit for homebuyers that has already verbally been passed. Also on the table is a provision to lower 30-year fixed-rate mortgage rates down to 4-4.5 percent for eligible homebuyers.

As members of the real estate industry, we must take action today in support of these measures that could become catalysts for the recovery of the housing market and our country’s economy.

We ask that you take immediate action via phone or email to support the Senate’s version of the Economic Stimulus Bill and let your Senators and Representatives hear your voice!

Forward this message to everyone in the real estate industry that you know! Regions, follow up with all your market centers and encourage everyone to take action TODAY! Leaders, talk to your agents and gain their support and commitment to take action!

Click here to download a step-by-step guide for contacting your Senator or Representative via phone or email.
Click here for a composed note to send to your Senator or Representative.
If you are not familiar with this Act, click here for more information.

(Source: http://ensign.senate.gov/public/)

We believe that these measures could pave the way to a turnaround in the real estate market. This legislation, coupled with several years of pricing corrections in markets across our country, will create a strong urgency for home buyers to re-enter the market and start our industry on the road to recovery.

After the Senate has passed their version of the bill, negotiations with the House of Representatives begin to get a final bill drafted. Many Senate and House leaders are pushing to have the final bill on President Obama’s desk by end of next week.

Now is the time to take action and become a voice for our industry and our country.