Stimulus Credit Encourages Homebuyers

Woven in President Obama’s $787 billion economic stimulus plan is a new tax credit for qualifying new homebuyers.

It’s supposed to act as a pick-me-up for the suffering housing industry.

Even though Nebraska hasn’t been hit hard, the plan could give first time homebuyers the break they’ve been looking for to get into a home of their own.

First-time home buyers Andrew and Danielle Spelts say they want to take full advantage of the extra cash they’ll recieve in their tax returns next year.

“We want to get into a house. We dont want to rent forever…Becuase then you wind up with nothing…You just throw your money away,” Andrew Spelts says.

According to Gene Ward, Manager of Woods Bros Realty, with this stimulus plan, interest rates as low as 5% and stabilized home prices, there’s never been a better time to get into the marketplace.

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