Posts Tagged ‘May’

California Home Buyer Program Gives $10,000 beginning May 1st

Wednesday, March 24, 2010 | 1 comment

Just when most buyers face the end of the $8,000 tax credit Governor Schwarzenegger has revealed a new incentive planned for May 1st that would give buyers up to $10,000.

The day after the federal government credit expires this new state credit would pick up where the federal one left off.
Details of the credit qualifications have not been finalized but the funding is coming from a $100 million dollar program crafted last year as reported by the Wall Street Journal.

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Posted in Local Market News

Lack of Inventory Spurs May Existing Home Sales

Wednesday, June 24, 2009 | Add a comment

NAR Housing Recovery Image
NAR May 2009 Existing Homes Sales Data

NAR report credits interest rates, $8,000 tax credit, affordability, and distressed properties for the increased sales but the fuel for this fire is coming more from the lack of affordable homes causing a flurry of multiple offer activity on the sparse inventory in our area.

Read NAR report: REPORT

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Posted in Brokers Opinion

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