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Archive for October, 2009
The $8,000 Tax Credit Extended (or maybe not)
I got an email from someone saying that the $8,000 tax credit had been extended. Well, that’s not completely true. It still has to be voted on.
WASHINGTON — Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.
The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent in September, and some industry representatives blamed uncertainty about the tax credit.
Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev. read more
Clear Lake Homes – Focus on Northfork
Year to date, there have been 23 homes sold in the Northfork neighborhood ranging from $174,500 to $280,000. The average sales price was $225,749 as compared to $220,118 last year. This represents a modest gain in these Clear Lake homes for 2%. Interestingly there were 35 homes in Northfork sold last year so the number of homes is down considerably. Days on Market is down as well at 49 compared to 61 last year at this same time.
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Free report on Northfork house prices
