Congress has placed into the huge stimulus package being considered a $15,000 tax credit for people who buy principal residences in 2009.  Previously the credit was for first-time buyers, capped at $7,500 and had to be repaid over time.  See the Seattle P-I article from Feb 4 for further details.  Reportedly, this $15,000 tax credit could be taken over two years and would add some nice incentive to buyers on top of low interest rate and current buyer's market in Seattle and nationwide.

 

In other news, spring must be just around the corner, last night's snow notwithstanding!