Industry NewsMarkets & Economy

Stimulus bill throws bones to housing

Debate to continue in Senate
Published on Jan 29, 2009

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by CareyBot

Debate over the wisdom of the spending and tax breaks included in an $819 billion stimulus bill passed by the House Wednesday is expected to intensify as the legislation moves to the Senate.

But Realtors are welcoming the House's treatment of tax breaks for first-time home-buyers and a proposal to restore the higher loan limits in place for Fannie Mae, Freddie Mac and FHA last year.