November 20, 2008 Stimulus News: Currently the Stimulus package is considering a proposed $15,000 tax credit, which applies to all home purchases -- not just new homes and not just first time buyers. It is sponsored by Senator Johnny Isakson, Republican of Georgia, a former real estate broker. He said it was modeled after a similar, $2,000 homebuyer incentive that helped lead the country out of recession in 1975. The tax credit would give buyers 10 percent of the price of a primary residence bought within one year, up to $15,000, and is intended to stabilize plummeting home prices. The amendment would allow taxpayers to claim the credit on their 2008 income tax return and to spread the tax credit over two years. It also seeks to prevent misuse by only allowing purchases of a principle residence and by recapturing the credit if the home is sold within two years of purchase. The U.S. Senate on Friday also approved an amendment to an economic stimulus bill that would direct $50 billion in funds from the Treasury Department's Troubled Asset Relief Program to foreclosure mitigation efforts. This program is estimated to prevent approximately 2 million foreclosures. The amendment also forces changes in the federal government's $300 billion Hope for Homeowners program to increase participation. Under the amendment, homeowners would have to share 25% of future equity in their home, rather than the current 50% requirement. In other news: The National Association of Realtors said Tuesday its index of pending home sales, which measures contracts signed but not closed, rose 6.3% to 87.7 in December from a month earlier. Moody's Economy.com cites signs that home sales are stabilizing as people snap up bargains on foreclosures, a decline in the supply of unsold homes in many areas and expectations of moves by the Obama Administration "that will help place a floor under the housing downturn." Those measures could include lowering mortgage rates further, preventing more foreclosures and generating jobs through higher federal spending. This is an inactive RePage. If you are Rod Rawlings and wish to reactivate this page, please visit www.RePagesOnline.com for instructions.

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2801 4th Steeet, East, Bradenton FL 4926 78th Street, East, Bradenton FL

Local Information for Bradenton, FL

Latitude: 27.488217 -- Longitude: -82.577743

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ZIP Codes for Bradenton, Florida	34201  34202  34203  34204  34205  34206  34207  34208  34209  34210  34211  34212  34280  34281  34282
Area Code for Bradenton, Florida	941
Time zone for Bradenton, Florida	EST

Other Area Cities:   Bradenton, FL  Longboat Key, FL  Sarasota, FL  Palma Sola, FL  Palmetto, FL  Sun City, FL  Memphis, FL  South Bradenton, FL 

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The population was 49,504 at the 2000 census According to the U.S Census estimates of 2005, the city had a population of 53,917. [1]. As of the censusGR2 of 2000, there were 49,504 people, 21,379 households, and 12,720 families residing in the city. The population density was 1,578.3/km² (4,088.5/mi²). There were 24,887 housing units at an average density of 793.5/km² (2,055.4/mi²). The racial makeup of the city was 78.14% White, 15.11% African American, 0.29% Native American, 0.79% Asian, 0.05% Pacific Islander, 3.91% from other races, and 1.71% from two or more races. Hispanic or Latino of any race were 11.26% of the population. There were 21,379 households out of which 23.0% had children under the age of 18 living with them, 43.5% were married couples living together, 12.1% had a female householder with no husband present, and 40.5% were non-families. 34.1% of all households were made up of individuals and 17.8% had someone living alone who was 65 years of age or older. -- Source: Wikipedia.com