Realtors introduce stimulus plan

ORLANDO -- Directors for the National Association Realtors on Monday formally signed off on a real estate stimulus proposal that calls for a temporary $7,500 first-time home buyer tax credit with no repayment requirement and a temporary federal buy-down of mortgage rates to 4.5 percent or less.

The group's plan also calls upon the federal government to make permanent the temporary increase in FHA, Fannie Mae and Freddie Mac loan limits to $729,750 in high-cost areas. The limits are scheduled to roll back to $625,000 on Jan. 1.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.