In order to stimulate the housing market,  a tax credit for first-time homebuyers was passed on May 9 by the House.   The inventory of housing is very good and  interest rates are low.  This will motivate more and more Americans to purchase a home for the first time with a tax credit of up to $7,500 to be used as a down payment for a home.  The taxpayers would have over 15 years to repay the credit without interest.  An increase in housing activity would help millions of homeowners and those who depend on building and selling homes for a living.