The Senate has included a provision in the Stimulus Bill that would enable a buyer to gain a tax credit of 10 percent on the purchase of a home costing not more that $15,000.
However, it is not certain whether the bill would get backing from the House even after it is approved by the senate. This is because the House had repealed a provision of existing tax credit last week.
The proposal, if implemented, is expected to raise the hope of real estate industry significantly and will prove a much needed stimulus to stabilize the housing market. | 
