Home Buyer Tax Credits (additional stimulus to jumpstart the economy)

This could be a wonderful opportunity for anyone still stuck on the fence about investing in home ownership.
The House and Senate passed a bill giving first time home buyers who purchase foreclosed homes a tax credit up to $7500.00(seven thousand five hundred dollars) to be claimed over two years as well as possible rehabilitation credit.
If this does not seem like a great incentive to buy a home maybe I should tell you about the article written by Lawrence Yun chief economist for the National Association of Realtors titled "A Year of Repair, Then a Year of Growth". He says the Sub prime crisis is nearing its end and balance will be just be a cleansing of inventory. One benefit he also states is that the economy has over 10 million more jobs created than just 10 years ago. Mr. Yun, also says home prices are expected to improve this year!!!! Yippee!!!!! Formerly, hot markets like Miami who had to adjust downward could see prices go up by as much a 50%. This could be great news for us here on the West cost who also adjusted downward.
Now is the time for those ready willing and able ones to take advantage of a market in your favor!