Governor Signs New CA Home Buyer Tax Credit Into Law
This has been a good day for real estate. First, Federal Reserve Chairman, Ben Bernanke, declared that current, near-zero, interest rates need to be maintained in order to stimulate the economy. That was followed by an announcement that the governor had signed AB 183, providing an additional 200 million dollars in tax credit to California home buyers.
Both buyers and sellers in California now have additional incentive to take advantage of these opportunities. See “Bernanke: Record Low Rates Needed to Aid Economy” and the governor’s press release.
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[…] On March 25th, I wrote about the additional 200 million dollars, for new and existing home purchases, that will become available for certain residential real estate purchases beginning May 1st, “Governor Signs New CA Tax Credit Into Law.” […]