Another benefit from the stimulus package is the conforming and FHA loan limits move back up to $729,750 for most of our area through the end of 2009.  Those limits had expired in December of 2008.

Second, if you are buying in DC and don’t qualify for the national credit, you may still qualify for the DC homebuyer credit.  Click here for details: nationalanddchomebuyertaxcreditcomparison.pdf

Finally, there are a number of programs that states and localities can apply for to stimulate their local economies, such as: neighborhood stabilization (for areas with a high percentage of foreclosures); low-income rental housing; transportation; energy efficiency; tax-exempt housing bonds; and even a program to expand and upgrade broadband infrastructure.

Realtors are working very hard on behalf of everyone to push policies to get our housing market back on track!