The following charts reflect the price-per-square-foot history of home sales in nine California communities. Take a look at these charts, and the first tuesday analysis that follows, for a more local understanding of CA real estate. San Francisco Chart last updated 12/06/2011 Chart last updated 12/06/2011 Sacramento Chart last updated 12/06/2011 Chart last updated 12/06/2011 [...]
Subsidies provided to those who claimed the 2009-2010 homebuyer tax credits have been lost due to depleted home values, according to Market Watch. The $8,000 first-time homebuyer tax credit and the $6,500 existing homebuyer tax credit have been swallowed up by a steady two years of home market value decreases nationwide, leaving many who were [...]
Turns out the 2009 federal homebuyer tax credit policy left the recovery in a stagnant ditch by the road rather than accelerate its arrival as intended. Government housing subsidies have generally been considered catalysts for post-recessionary economies (as in 1975, the year of the prior set of housing tax credits). However a recent analysis of [...]
Everyone expected home sales to fall once the federal homebuyer tax credit ran out at the end of April, but nobody foresaw a plunge as drastic as May’s sales – a 30% fall of signed sales contracts. According to the National Association of Realtors (NAR), the pending home sales index has been increasing steadily but [...]
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