Professionally Speaking

Listen to the recording with one of the media players below:

QuickTime		Play
Windows Media		Play
MP3 Format		Download

Posted July 30, 2008
Recording time: 12:49

Podcast (xml file)

For information about downloading a free media player, please see our Free Software page.

New Housing Legislation Offers $7,500 Stimulus to First-Time Homebuyers

Housing legislation passed by Congress and signed by the president may save 400,000 homeowners from foreclosure. At the same time, it offers a $15 billion carrot to first-time homebuyers in the form of interest-free loans worth up to $7,500. That provision is really a housing stimulus designed to bring buyers to the table for both new and existing homes, says Raymond James’ Director of Real Estate Research Paul Puryear. While many earlier said such legislation would never make it into law, the length of the continuing housing crisis has changed minds, he says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on how the current housing situation in the United States may present investment opportunities, please contact a Raymond James financial advisor.

All expressions of opinion reflect the judgment of the Equity Research Department of Raymond James & Associates at this time and are subject to change. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. Other Raymond James departments may have information that is not available to the Equity Research Department about companies mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this presentation's conclusions. We may perform investment banking or other services for, or solicit investment banking business from, any company mentioned. Investments mentioned are subject to availability and market conditions. All yields represent past performance and may not be indicative of future results. Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. are wholly-owned subsidiaries of Raymond James Financial.