Posted on February 25th, 2010 by Carlo Capomazza
IRS issues new guidelines on obtaining home buyer tax credits
The Internal Revenue Service (IRS) recently issued new guidelines and clarified documentation that taxpayers must submit to successfully obtain the federal tax credit for home buyers.
MAKING SENSE OF THE STORY FOR CONSUMERS
The federal tax credit for home buyers was extended and expanded late last year. [...]
Filed under: Buying, Current Events, Economy, L.A. Times, Real Estate Market, Tax Issues, VRN | No Comments »
Posted on January 24th, 2010 by Carlo Capomazza
With all the rules now available, here’s the action message to potential tax-credit seekers: Speed up your search for the house you want to buy. Get moving. There are only 14 weeks to sign a contract and just five months to go to closing.
Filed under: Buying, Commentary, Current Events, Money-Saving, Mortgage, Real Estate Market, Tax Issues, VRN | No Comments »
Posted on January 21st, 2010 by Carlo Capomazza
Spurred on by the federal government’s economic recovery efforts, there have been numerous changes to the federal tax law for 2009 and 2010. Here’s what your small business needs to know now to take advantage of this year’s expiring rules and what it needs to keep in mind for next year.
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Posted on December 31st, 2009 by Carlo Capomazza
The median home price of an existing, single-family home rose 5.8 percent in November compared with a year ago, the first time the median home price has increased in year-to-year comparisons since August 2007.
Filed under: Buying, Current Events, L.A. Times, LA Area, Listing Presentation, Real Estate Market, VRN | No Comments »
Posted on November 7th, 2009 by Carlo Capomazza
It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.
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Posted on November 5th, 2009 by Carlo Capomazza
The median price of an existing, single-family home in California rose for the seventh consecutive month in September to $296,090, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ most-recent sales and price report. Home sales also increased in September, rising 2.1 percent compared with August. If home sales maintain their current pace, 530,520 units will be sold in California in 2009.
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Posted on October 24th, 2009 by Carlo Capomazza
The reason for the rise: Buyers taking advantage of the tax credit for first-time owners before it expires next month. The median price for an existing home was $174,900, down 9% from a year earlier. Sales of existing homes surged in September as buyers raced to take advantage of the tax credit for first-time home buyers before it expires next month.
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Posted on October 13th, 2009 by Carlo Capomazza
Figures for September indicate that low mortgage rates and a tax credit are providing support for the hard-hit housing market.
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