From the Zillow Blog: Details have not yet been ironed out, but the proposed $15,000 tax credit amendment in the economic stimulus package that was sponsored by Sen. Johnny Isakson has been trimmed down to an $8000 tax credit, according to the NY Times. This is all very preliminary until the bill is actually signed, but here is … Continue reading $15,000 Homebuyer Tax Credit Trimmed To $8,000
The news of the day is the Senate approved $15,000 tax break for new homebuyers: -WASHINGTON — The Senate on Wednesday voted to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000, a provision championed by Republicans as addressing a root cause of the recession. -Senator Johnny Isakson, Republican … Continue reading $15,000 Tax Break For Homebuyers, Good Or Bad Idea?
Good news on a Monday morning: -Waiting to go condo is San Francisco’s version of waiting for Godot [seeing that phrase a lot lately…good on ya Malcolm.] Building owners can spend years vying for one of 200 condo-conversion slots awarded annually via a lottery. But this year San Francisco is considering letting people skip the … Continue reading TIC? Got Cash? To The Front Of The Line Please…
We pulled this directly from a C.A.R newsletter: The U.S. House of Representatives passed H.R. 1, the Economic Recovery Package, by a 244 to 188 vote. Amid all the negative economic news we’re hearing on a daily basis, this is good news, as the bill contains a number of issues critical to REALTORS® and the … Continue reading House Passes Stimulus Bill, Senate What Next?
You might have already read Alex Clark’s article on the Bush plan to help homeowners, named optimistically “Hope for Homeowners.” Commenters on that post were less optimistic. Seems a lot of lenders won’t touch the program, though that might be because the program itself is new and everyone is so gun-shy right now. That leaves … Continue reading Obama Wants to Jump in on the Real Estate Crisis. Which Way should He Jump?
Prop 8 is not one that encourages sedate emotion. People are either vehemently for it, or they are just as vehemently against it. The debate between the two camps, heated as it is, often erupts into full out fighting, which we all know from our rhetoric classes is actually the opposite effect civilized, fair debate … Continue reading In the Spirit of Halloween and Election Season, Scary Technology that “Outs” Your Neighbors