$10,000 tax credit for Californians who buy brand new homes

This is a new rule that was passed with the new budget. If you want to read some details I wrote a post about it here.

Anyway, I don’t see this spurring much sales activity in San Mateo county because there are very few new developments. Most of the new developments are also very overpriced. I can see the homebuilders just jacking up their prices due to this law, and it will not benefit consumers very much.

February 26, 2009 | Filed Under All Cities, New Homes, News

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