The state of California released a $10,000 new home tax credit in mid-February this year.  Since March 1st, one-third of the $100M appropriated had been applied for by new home buyers.  An important fact is a buyer must have an active escrow on a new home in order to apply.

The California Builders Industry Association stated the sales from the applied credits should begin being realized in Aprilof this year.

Please feel free to ask any questions.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate

This entry was posted on Wednesday, April 15th, 2009 at 8:16 pm and is filed under Government Real Estate Information, Buying Real Estate, Real Estate News. You can subscribe via RSS 2.0 feed to this post's comments. You can skip to the end and leave a response. Pinging is currently not allowed.