Many First time home buyers in California were disappointed last week when they failed to enter into a purchase contract to qualify for the First Time Home Buyers Federal Tax Credit. Fear not! California has extended the credit and sweetened the pot. First time home buyers in CCalifornia still qualify for up to $10,000 (Or 5% of the purchase price) throughout 2010. Please follow the link to our website to contact an agent for more details.
How can CA afford to do that? Isn't CA bleeding more dollars than Greece? Where is the money going to come from?
Michael,
That is very interesting news. I was not aware of this. I have to agree with Scott's comment as I was just going to post the same thing. How are the prices & # of foreclosures in your area?
The most interesting part of this credit to me is the 'double-dip' effect for buyers who were in contract prior to April 30th and yet closing in May. They are eligible for both credits - crazy.....
I agree.
The foreclosures are are still a very large part of the market (mostly short sales)
Oxford Realty