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tax credit: By the Numbers: West Covina's Unique Real Estate Position - 10/27/09 01:32 PM
Many conversations about where the market will go after the First-Time Home Buyers Tax Credit wears off is escalating, and although the National trend is pointing towards decline in prices and transactions I believe the Southern California Real Estate Market is in a unique situation that will save it from decline.
In West Covina, CA as of 11:02am on 10/27/2009 there are 115 Single-Family Residences available for sale (*Figure pulled from MRMLS and CAROTS data). The average rate that homes have been entering into contracts in West Covina has steadily been 55-60 homes a month. This past month 57 properties entered … (0 comments)

tax credit: The Housing Assistance Tax Act of 2008 - 02/24/09 03:18 PM
The Housing Assistance Tax Act of 2008 “Who Qualifies?” First-Time Homebuyers who purchase a home between April 9th, 2008 and July 1st, 2009 could be eligible for an I.R.S. tax credit of $7,500. Any taxpayer who has never owned a home as a principal residence (or within the last 3 years) For a single taxpayer with an adjusted gross income (AGI) of $75,000. If income is higher, the credit decreases and disappears altogether above $95,000. For married couples with an AGI of $150,000. If income is higher, the credit decreases and disappears altogether above $170,000
“When do I get my money?” … (0 comments)

 
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Carolina Ruiz

West Covina, CA

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