C.A.R. whipping up some frenzy.... The $100 million allocated for California's first-time homebuyer tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.'s Economics team. California's Franchise Tax Board (FTB) plans to begin accepting...
Details on the 2010 California Tax Credit were released today, click here for the link to the ftb.gov website for the whole package: http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml Here are the highlights: The New Home / First-Time Buyer Credits are...
Thanks to Mark for sending along this confirmation of first-time home buyers being able to claim both the federal and state tax credits, from the WSJ: But, it might not get off to a peaceful start on May 1: Get ready for a stampede early on as some buyers rush to...
From the latimes.com: Despite blizzards that shut federal offices for days, the Internal Revenue Service issued new guidance Feb. 12 on the two tax credit programs that are powering the country's real estate markets -- the $6,500 credit for repeat buyers and the...
Speaking of contests, we have a pair of Chargers playoff tickets riding on the amount of homes for sale on December 1st. In December, 2008 the average amount of homes for sale was 15,116. On August 11, 2009, the total amount of active listings was 11,457. On September...
For those looking for the latest on the housing tax credit, the WSJ has a good summary: http://online.wsj.com/article/SB10001424052748703808904574529512997057836.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsSecond The highlights: Q: If I buy a new home and live in it, do I...
Who in Southern California will benefit from the existing-homeowner's tax credit? It seems more like window dressing than actual help - the only buyers who could keep or sell their existing home would be those with substantial equity. Keepers need low payments to...
Hat tip to Pigpen sent along this clip from abcnews, via zerohedge; go to -9:50 mark where the senators are discussing the housing tax credit. If this is any indication, it's looks like an extension of the credit is going to happen:...
