Obama signs US stimulus bill

The 787 billion USD (553 billion GBP) stimulus bill aimed at boosting the US economy has been signed by president Barack Obama.
 

Included in the plan are measures to help improve the country's property market, something that may affect investors who have been considering purchasing any of the country's growing number of foreclosed homes.
 

White House press secretary Robert Gibbs hinted that there may be more funding to come.
 

He refused to rule out the possibility, stating that while "there are no particular plans at this point for a second stimulus package", he "wouldn't foreclose it".

The bill comes following a number of reports highlighting the growing troubles of the US property market.
 

Earlier this month figures from Zillow revealed that the value of homes in the USA had dropped for the eighth consecutive quarter in the final three months of 2008, falling to an average of 192,119 USD.

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