All the details are still a little murky and it appears that even Congress hasn't taken the time to read it yet. However, some things we know. Originally, there was a $15,000 tax credit for people who buy new homes in 2009. That would have really been great and innovative thinking. However, it appears in the compromise that has been reduced to $8,000. Although any tax break is better than none, it does take a little away from the excitement that the $15,000 would have brought to the market. I still don't know when or what mortgage relief is coming through but a more aggressive tax credit would have really helped the situation.
