California Tax Credit – Time Crunch or Not?
Economist says that buyers will burn through the money for the state tax credit no later than May 2oth!
Is that true? I don’t lie, I don’t have a crystal ball. There’s what they’re saying:
If you haven’t owned a home in the last three years then you can qualify for a $10,000.00 tax credit.
The California Association of Realtors expects 64,000 sales statewide in May which would be a DROP from 2009.
They also expect 47% of of those sales to be new homebuyers. At $10,000.00 each….you do the math….
Is it true? Don’t know. I do know that you currently have until April 30th to get the 8K from the Federal Gov and the 10K from the State of California if you are looking to purchase San Diego real estate.
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