Yes it definitely does especially if you are a first time buyer,

"First-time home buyers would receive an $8,000 tax credit, and they wouldn't have to repay the government later as is required for the current $7,500 credit. An earlier Senate proposal would have provided all home buyers with a $15,000 credit."

As for cars; The bill would allow new car buyers to deduct the purchase's sales tax from taxable income.

Also interest rates for bank loans right now are very low so now would be an excellent time to buy a car or house.
Source(s):
http://www.usatoday.com/money/economy/2009-02-12-stimulus-package-effects_N...

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