$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.
Palo Alto is “Valu Alto”?
Alright, I know that technically Palo Alto is Santa Clara County, but today on the way home I saw the most hilarious sign by the 101. Since this sign was in San Mateo County I think it’s alright to report it here.
It basically said, “Palo Alto is Valu Alto! Sterling Park Homes, from the mid 1,000,000s”. I pretty much cracked up.
Here is the details on these new homes. Apparently the sellers are offering a price protection plan until next June. The homes average about $700 to $800 per square foot and are located in downtown Palo Alto. I guess for Palo Alto that is cheap, but come on, “Valu Alto” just sounds plain stupid.
Offers
Subscribe to San Mateo Home Sellers in Trouble
Trip Planner
Faxless Payday Loans
Diesel Exhaust