Homebuyer Credit May Help Stimulate the Economy More

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I am very pleased that existing homeowners might be able to benefit from the current credit plan signed into Law this week. 

There is a great article on this describing different scenarios for current homesowners – go to http://bit.ly/creditexplained. With low inventory in the Santa Clara County this might spur on the move-up buyers who have been frozen in their existing homes.  In turn leaving 1st time buyer to aquire their newly vacate property.  I have a number of clients who have had their family size increase while living often in their first home.  These home are now undersized.  The $6500 credit might be the answer to make the move to a larger home. 

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