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.

About C.C. Harris, Relocation Specialist
C.C. Harris, Relocation Specialist is affliated with Realty Executives of Killeen, which is located in Killeen, TX. For further assistance please use the contact information located on the right.

As of 05/25/12 the C.C. Harris, Relocation Specialist RePage is ranked at 9,179 with 135 points.

Local Information for Killeen, TX

Latitude: 31.105591 -- Longitude: -97.726586

ZIP Codes for Killeen, Texas	76540 76541 76542 76543 76544 76545 76546 76547 76548 76549
Area Code for Killeen, Texas	254
Time zone for Killeen, Texas	CST

Other Area Cities: Belton, TX Killeen, TX Copperas Cove, TX Harker Heights, TX

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In 1881, the Gulf, Colorado and Santa Fe Railway extended its tracks through central Texas, buying 360 acres a few miles southwest of a small farming community known as Palo Alto, which had existed since about 1872. The railroad platted a seventy-block town on its land and named it after Frank P. Killeen, the assistant general manager of the railroad. By the next year the town included a railroad depot, a saloon, several stores, and a school. Many of the residents of the surrounding smaller communities in the area moved to Killeen and by 1884 the town had grown to include about 350 people, served by five general stores, two gristmills, two cotton gins, two saloons, a lumberyard, a blacksmith shop, and a hotel. Killeen expanded as it became an important shipping point for cotton, wool, and grain in western Bell and eastern Coryell counties. -- Source: Wikipedia.com

Texas 2000 Census Population Profile Map

	Killeen	Texas	United States
Population	86,911	20,851,820	281,421,906
Median age	26.7	32.3	35.3
Median age for Male	26.4	31.3	34
Median age for Female	26.9	33.4	36.5
Households	32,447	7,393,354	105,480,101
Household population	86,601	20,290,711	273,643,273
Average household size	2.67	2.74	2.59
Families	22,984	5,247,794	71,787,347
Average family size	3.12	3.28	3.14
Housing units	35,343	8,157,575	115,904,641
Occupied units	32,447	7,393,354	105,480,101
Vacant units	2,896	764,221	10,424,540

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Local Information for Killeen, TX

Latitude: 31.105591 -- Longitude: -97.726586

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