Archive for the National Economics Category
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SoCal Home Prices Continue to Climb!
Driven in part by a slow down in the foreclosure sales numbers, a focus on coastal properties being sold and the impact of the Federal Tax Credit for Housing coming to an end, the Southern California median home sale price for May of 2010 rose 22.5%,
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Federal Tax Credit Ends April 30th!
Time is running out for home buyers to take advantage of the Federal Tax Credit! April 30, 2010 is the last day you may execute a binding purchase agreement to qualify for the Federal Tax Credit. That purchase agreement must result in an escrow c
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Federal Tax Credit for a New Home Purchase Ends Soon!
The Federal Tax Credit for purchasing a new home ends soon. By law, the buyer of a new home must sign their contract to purchase by April 30, 2010, and close escrow by June 30, 2010. That means we are in the last 45 days for home buyers to qualify fo
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California Tax Credits for New Home Purchases – 2010
As highlighted in my earlier post, the Governor has called for the re-institution of the Tax Credit for New Home Purchasers. We now have the first action by the California legislature to address that call to action. SBX8 21, by Senator Ashburn ha
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Updates on Federal Tax Credit Extension, Part II
A little further clarification on the Federal Tax Credit for the purchase of a home: For First Time Home Buyers Maximum price for the purchased home is $800,000. New home must be the principle residence of the buyer(s) for the next three con
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