Senate Housing Stimulus Package

The housing market in Sarasota is brisk. Low interest rates, ample inventories and low prices have combined to result in a classic buyers market.

Buyers of real estate will see an even greater reason to purchase this year, with Senate legislators unanimously approving a proposal Wednesday that would allow a tax credit for home buyers of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break but only for first-time homebuyers.

Getting a $15,000 tax credit as a homebuyer makes an huge impact in peoples lives and pocketbooks, and makes this an even better time to get your piece of Sarasota real estate.