President Obama signed into law on Friday the extension of the first time home buyer’s tax credit, putting in our hands $24 billion of stimulus money. This is huge any way you slice it, but am I looking at a gift horse in the mouth?

You’ll be reading about this all day!!!

Yesterday (November 4, 2009) the Senate officially passed a six month extension on the first time home buyer tax credit of $8,000, which is intended to encourage more people to buy homes and spur economic activity. The bill has expanded to include ‘trade up’ buyers (present home owners that have lived in their home for at least five years can get up to $6,500).