California's Governor signed into a law today a new tax credit for purchases made in 2010. It will be interesting to see how this impacts the market. Inventory is already terribly low, and with REOs being withheld too, what are buyers going to buy with this credit?
We have a little more information on our site's blog...
http://mvreco.com/another-tax-credit-for-californians-who-buy-a-home-in-2010
Megan Zavieh
Mission Valley Real Estate Company
Fremont, California
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