As a realtor, as much as a I hate to see bailout funds getting thrown around, this is actually a pretty good use for it.
Think about all the people employed by a single real estate transaction..
2 realtors, 2 brokers, a lender, a loan officer, a title company, a title agent, an appraiser, a home inspector, a termite inspector, an A/C company, a home warranty company, home insurance companies, real estate sign post companies, handymen, home depot/ace hardware for minor fixes, moving companies, etc.. (I'm sure i'm missing more people, but you get the idea)
Not to mention home values stabilizing because of previously vacant foreclosed homes now being occupied/cared for, and a seller finding a new place to live, a buyer attaining a long term asset.
Like I said.. as much as it makes me want to vomit that we are repeating the "ease of attaining" homes again after our '05-'06 hypermarket fallout, this is actually a beneficial use of stimulus money to help trickle down money across many industries.