New Homes Sales In US Up
June 20, 2009 by admin
Filed under Positive Real Estate
Sales of new U.S. single-family homes rose in April.The Commerce Department said on Thursday that new home sales climbed 0.3 per cent in April from March to a 352,000 annual unit pace, while prices rose 3.7 per cent, the biggest monthly advance since November.
California Offers $10,000 If Buy a New Home
March 7, 2009 by admin
Filed under california
The properties in California must close escrow between March 1, 2009, and March 1, 2010.
The homes must be:
* Brand new, single family homes
* Never been occupied
* Be the buyer’s principal residence.
Californians can claim $3,333 per year for three years, beginning with the 2009 tax year. It aims to help new homes compete with the glut of foreclosures.
“Back in 1975, the U.S. Congress enacted a tax credit identical to this one, and it worked. It stimulated sales — doubled sales within a year,” said Tim Coyle, California Building Industry Association.”
The money is coming from a $100 million allocation. Once it is gone it is gone.
