New 6500 tax credit for non-first time home buyers
 

Live in same home for 5 consecutive years during the past 8 years. Combined income (married) less than 225k.

http://www.latimes.com/business/la-f....column?page=1

Obama and Congress want to put $6500 in my pocket. Interest rates at rock bottom. Housing prices depressed.

Good time to buy, I think.

Here in these parts, the prices are not all that depressed, because they were never really up that high in the first place, compared to other places in the country.