The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser’s income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.
Check out Orange County Real Estate trends with the links below. The charts will show you number of homes for sale (Inventory), Escrow, Unit Sales & Pricing Trends. Feel free to check out near-by cities on the other BLOG posts as well.
Click Here:
To Search All Homes On The Market Simply Click Below
{ 0 comments… add one now }
You must log in to post a comment.