People thought that this program’s $300 million would last a few months.

How about two weeks!

I doubt the homebuyers all found homes already. Doesn’t it have to be that the $300 million in loan preapprovals all happened quickly, and now those buyers are searching for homes at a higher price point than they previously expected?

It probably feels like free money!

It should mean a surge of home sales in the $500,000 – $1,000,000 range throughtout the state.

Thank you California taxpayers!

Added later – it looks like you did need to have an accepted offer:

author avatar
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

Pin It on Pinterest