Although this comes at a time when foreclosures are at a historic high and the ecomony is changing, this bill is introduced to give the economy a swift kick in the pants. Just what the doctor ordered. With the new bill, first time homebuyers are entitled to a hugh tax break and can purchase a home with very little out of pocket. (Depending on situation) More on the Housing Reform Bill HR 3221 go to http://banking.senate.gov/public/_files/HousingandEconomicRecoveryActSummary.pdf If you have any further questions, please contact me at ernie@kw.com or leave a comment here.