| It’s no secret that President Bush signed a $300 billion housing bill into law last week. In addition to helping cash-strapped homeowners avoid foreclosure, the law aims to help first-time home buyers to jump start their search in a tough economy. | ||
| So if you’re house hunting on Trulia.com, the law can mean a BIG benefit. To boil it down to the basics: first-time home buyers get up to $7,500 tax credit. This basically means you get a 0% loan for 15 years if you buy a home between April 9, 2008 and July 1, 2009. | ||
 |
||
| Of course Uncle Sam has some restrictions based on your income, so we rounded up some key advice and opinions from Trulia Voices to answer your questions. | ||
| Tip: Want more on the new housing law? Use the keyword search box on the lower left. | ||
|
|
||
|
||
| Q: What does the new housing bill mean for new buyers…? Asked by Peter, Home Buyer in California A: For consumers, it does a couple of things: The FHA will be allowed to insure up to $300 billion in new… see more |
||
|
|
||
|
||
| Q: Does anyone know the income requirements or phase out for the new Housing Bill for first time buyers? Asked by Jeremy, Buyer in San Francisco, CA A: For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for… see more |
||
|
|
||
|
||
| Q: I am feeling very overwhelmed with this Fannie Mae crisis, do you think we are headed for a serious recession? Should I sell my NY condo and try to find a place in NJ… Asked by Bradley Stock, Home Buyer & Seller, in Richardson, TX A: There are many reasons to be worried, but the Fannie and Freddie “crisis” isn’t one of them. The situation happened because… see more |
| Real Estate Eye Candy Ι Trulia picks | |||||||||||||||||
 |
|||||||||||||||||
|
|||||||||||||||||
| Noteworthy Sources Ι Special Edition | |||||||||||||||||
| We’re all about keeping things simple at Trulia. But sometimes a little additional reading can be useful. Here are a few resources for newbies and savvy house hunters alike. | |||||||||||||||||
| Bill… what bill? | |||||||||||||||||
| Bush quietly signs mortgage relief measure | |||||||||||||||||
| The expert’s opinion | |||||||||||||||||
| Trulia CEO on the housing legislation | |||||||||||||||||
| Taking matters into your own hands | |||||||||||||||||
| How the housing rescue bill can help you | |||||||||||||||||
| From the horse’s mouth | |||||||||||||||||
| First-time home buyer tax credit FAQ | |||||||||||||||||
|
|
|||||||||||||||||
| Happy House Hunting | |||||||||||||||||
| The best place to start your real estate search Trulia Inc. 208 Utah Street #310 San Francisco CA 94103 |
|||||||||||||||||
Popularity: 36% [?]
`
August 13th, 2008 at 9:05 am
Great article, and I love how you incorporated Trulia Voices into your post.
August 14th, 2008 at 3:25 am
Yep, including Trulia Voices is an awesome feature.
The new bill has a lot of benefits; most would argue that it has many flaws too, but the best thing about it is that it’s something “real” and not just talk.
August 14th, 2008 at 9:11 pm
Jayson,
Thanks for your comment. You guys will be happy to hear, we’ll be sending out a mini version of the newsletter every other week with more Voices questions as the feature. If you’re subscribed to the current newsletter, keep an eye out for it in September! We’ll post the content on the Trulia Blog as well.
And, I’m with you on the ‘realness’ of the bill. Keep the feedback coming!