California Tax Credit is Hot!
Monday, March 23rd, 2009
***Update – 2010 California New Home Tax Credit Takes Effect 5/1/10 – Details Here***
The California Tax Credit for a New home purchase is HOT!
In the first 13 days of the California Tax Credit for buying a New home, 1,188 people have submitted an application to the Franchise Tax Board. Their total credit request is almost $11.6 million! If this pace holds true, buyers of New homes in California will exhaust the State’s allocation of $100 million in total tax credit by July of this year!
Is that a surprise? Look at the historic low interest rates, the Low pricing on New homes and the increased loan amounts allowed under Fannie, Freddie, FHA and VA. It all adds up to some of the best affordability rates seen in California in a long time! Now is a great time to buy a New home!
Tax Credits are Hot!
And, if you are a first time home buyer, with a joint total income of $150,000 or less, you may also qualify for the Federal Tax Credit of $8,000! Please visit your local Brookfield Homes sales office and let our professional Sales Counselors help you make a great deal today!
Why? Because Tax Credits are Hot!
Thanks for the update Steve. A friend and I were just talking about this yesterday and were wondering how successful the incentive was; seems like it’s spurred some home sales.