Last Wednesday the Senate approved of a $15,000 tax break for home buyers.  The tax incentive was approved separately from the overall stimulus package which is still being discussed by congress.  The aim of the $15,000 tax break is to help jump-start the housing sector, giving prospective home buyers the encouragement that they might need to buy a home.  The details of the tax credit are not completely clear yet and appear to be in the design stage.  Originally the idea was to have the tax credit available for first-time home buyers but it appears as if the tax credit will be for all new home buyers.

Stabilizing the housing market is imperative to the economy as a whole and the creation of the tax credit will create the incentive for people to consider investing in real estate.  With the stock market in such a volatile place, purchasing property might actually be the more worthwhile investment.  The tax break appears to be the first of many steps in the new administration designed to boost confidence in the real estate sector.

For a complimentary search of the Sedona MLS and access to all property currently on the market in Sedona AZ, visit www.claudiaault.com. For the best in Sedona Real Estate service and knowledge, contact Claudia Ault at 928-301-3016.

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