Real estate blog entries tagged with 10 by Mark MacKenzie Real Estate Planning

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Home : Blogs : Mark MacKenzie : The Blog of Author Mark MacKenzie: It's The Housing Market, Stupid! : Tag "10"

10: California Blowing Through Their $10,000 Home Buying Tax Credit - 06/14/09 04:12 PM

According to CNNMoney.com, the State of California is blowing through the $100 million that they set aside to be used as $10,000 tax credits for new home sales.
Since its inception in March, over $80 million of the $100 million has been "spoken" for. It was supposed to last through March of 2010.
The credit is only available for new homes but any primary residence buyer can qualify for it, not just first time home buyers. Additionally, contrary to Obama's housing plan, there are no restrictions on the buyer's income - what a novel idea.
And while I can hear the chorus of critics saying that California … (8 comments)

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