New Tax Benefits for Homebuyers Touted

Madison, WI (PressExposure) April 24, 2009 -- Homeowners and buyers in Wisconsin will benefit greatly from a new federal income tax credit of up to $8,000 for the purchase of a home for a principal residence. In an effort to further publicize the opportunities available, the Wisconsin REALTORS® Association (WRA) is undertaking a new radio and Web-based public awareness campaign.

“We simply want to get the word out and invite people to contact their REALTOR® to find out more. They have nothing to lose and potentially everything to gain,” says William Malkasian, president of the WRA.

The REALTOR® campaign is intended to educate the public on the new tax program, which gives first-time homebuyers, as well as anyone who hasn’t owned a home in the past three years, an income tax credit of up to $8,000 for the purchase of a home for a principal residence.

The law is retroactive to January 1, 2009 and expires December 1, 2009.

Tax benefits of this new program - including historically low interest rates, healthy inventories of homes on the market, and affordable prices - suggest there is not a better time to buy a home in Wisconsin.

“Anyone even thinking about buying a home should consult their REALTOR® immediately to find out more about this new program,” adds Mike Mulleady, Chairman of the Board of the WRA. “This is real stimulus for real people, but they have to move fast to capitalize on it.”

For more details about the tax credit, visit a new consumer-based Web site developed by the REALTORS® at

The Wisconsin REALTORS® Association is one of the largest trade associations in the state, representing over 14,000 real estate brokers, sales people and affiliates statewide.

About Kennedy Communications

William Malkasian, President
Wisconsin REALTORS® Association
Cell: 608-345-9004

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Press Release Submitted On: April 23, 2009 at 9:36 am
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