Senators agree to extend homebuyer tax credit
Set to expire at end of November, plan will remain until end of April
from MSNBC 10-28.2009
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.
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.
The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes, said a congressional aide, who spoke on condition of anonymity because he was not authorized to publicly discuss the deal.
Senators were still negotiating the expansion of a separate tax credit that lets money-losing businesses get refunds for taxes paid in previous years, providing them with an immediate source of cash.
Senators in both political parties were hoping to add both tax provisions to a bill that would give people running out of unemployment insurance benefits up to 20 more weeks of federal aid. The Senate could vote on the overall bill as early as Thursday, but lawmakers were still haggling over several unrelated amendments Wednesday evening.
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Newsvine vote: Good idea to extend credit?
Popular bills like the one to extend unemployment benefits often attract amendments that would have a difficult time passing on their own.
Republicans were demanding that they be given a chance to offer amendments to restrict federal aid to the beleaguered community activist group ACORN and on requiring that people receiving unemployment insurance be processed through E-Verify, an Internet-based system that employers use to check on the immigration status of new hires.
Majority Democrats have refused to add the amendments.
Robbi Campbell Properties
Wednesday, October 28, 2009
Wednesday, October 21, 2009
Another Testimonial Video from a Happy Satisfied Client of Robbi Campbell Properties!
It's nice to be able to say we do a good job...however it is so much better when others want to tell the world how great we are!! Please check out this testimonial video from one of our happy and satisfied clients whose home sold today!!
Saturday, October 17, 2009
Thursday, October 15, 2009
Tuesday, October 13, 2009
Good News for 2010!!
California House Prices Forecast to Rise in 2010, Realtors Say - Bloomberg.com
Oct. 7 (Bloomberg) -- California house prices may rise in 2010 for the first time in three years as first-time buyers and investors return to the market, the state Association of Realtors said.
The median price for detached, single-family homes in the most populous U.S. state likely will rise 3.3 percent to $280,000 next year, the California Association of Realtors said in its annual housing forecast, issued today. The number of sales will probably drop 2.3 percent to 527,500, following an estimated 23 percent increase this year.
“There’s this huge demand on the part of first-time buyers and investors,” Leslie Appleton-Young, chief economist for the Realtors group, said in an interview. “The demand for properties in fairly good condition exceeds the supply.”
House prices in California fell 38 percent in 2008 and have dropped about 22 percent this year as foreclosed homes have dominated the market, the Realtors group said. Next year likely will “mark the beginning of the ‘new normal’ for California’s housing market,” James Liptak, the association’s president, said today in a statement.
California single-family home prices fell 17 percent from a year earlier in August, the latest month for which figures are available, the group said last month. Sales increased 9 percent from a year earlier. Foreclosed homes accounted for 40 percent of existing-property transactions in California in August, according to research company MDA DataQuick.
‘Significant Contractions’
“You just have to look to the significant decline in prices, and you get a little bump up,” Appleton-Young said. “It’s coming off these significant contractions. A median of $280,000, which is the forecast for next year, is still pretty affordable.”
The California Association of Realtors a year ago projected that prices would decline only 6 percent to a median $358,000 this year. That’s about 32 percent above the group’s revised forecast for this year. The association projected a 13 percent increase in home sales, less than the estimated 23 percent rise this year.
“The prices went down a lot more sharply than we anticipated, and consequently the sales went up a lot more,” Appleton-Young said.
Almost three-quarters of homes now selling in California are priced at less than $500,000, while few mansions are trading, she said.
“You had a huge rebound in the lower-end properties selling and a reduction in the market share at the high end, and that really dragged the median down.”
To contact the reporter on this story: Daniel Taub in Los Angeles at dtaub@bloomberg.net.
Last Updated: October 7, 2009 14:01 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahkshtPMxRzI
Oct. 7 (Bloomberg) -- California house prices may rise in 2010 for the first time in three years as first-time buyers and investors return to the market, the state Association of Realtors said.
The median price for detached, single-family homes in the most populous U.S. state likely will rise 3.3 percent to $280,000 next year, the California Association of Realtors said in its annual housing forecast, issued today. The number of sales will probably drop 2.3 percent to 527,500, following an estimated 23 percent increase this year.
“There’s this huge demand on the part of first-time buyers and investors,” Leslie Appleton-Young, chief economist for the Realtors group, said in an interview. “The demand for properties in fairly good condition exceeds the supply.”
House prices in California fell 38 percent in 2008 and have dropped about 22 percent this year as foreclosed homes have dominated the market, the Realtors group said. Next year likely will “mark the beginning of the ‘new normal’ for California’s housing market,” James Liptak, the association’s president, said today in a statement.
California single-family home prices fell 17 percent from a year earlier in August, the latest month for which figures are available, the group said last month. Sales increased 9 percent from a year earlier. Foreclosed homes accounted for 40 percent of existing-property transactions in California in August, according to research company MDA DataQuick.
‘Significant Contractions’
“You just have to look to the significant decline in prices, and you get a little bump up,” Appleton-Young said. “It’s coming off these significant contractions. A median of $280,000, which is the forecast for next year, is still pretty affordable.”
The California Association of Realtors a year ago projected that prices would decline only 6 percent to a median $358,000 this year. That’s about 32 percent above the group’s revised forecast for this year. The association projected a 13 percent increase in home sales, less than the estimated 23 percent rise this year.
“The prices went down a lot more sharply than we anticipated, and consequently the sales went up a lot more,” Appleton-Young said.
Almost three-quarters of homes now selling in California are priced at less than $500,000, while few mansions are trading, she said.
“You had a huge rebound in the lower-end properties selling and a reduction in the market share at the high end, and that really dragged the median down.”
To contact the reporter on this story: Daniel Taub in Los Angeles at dtaub@bloomberg.net.
Last Updated: October 7, 2009 14:01 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahkshtPMxRzI
Thursday, October 1, 2009
Happy Satisfied Seller tells about his positive experience working with Robbi Campbell Properties!
At Robbi Campbell Properties, it is nice to be able to say we do a good job...however it is so much better when others tell the world how great we are!! Please check out this video testimonial letter from one of our happy and satisfied clients!
Coming Soon - Mount La Jolla SINGLE LEVEL Home for sale!
Coming soon - a Mount La Jolla SINGLE LEVEL home for sale! A much sought after Plan "A" in the most desirable Mount La Jolla development! See the virtual tour and photos in the link below:
http://flashitfirst.com/Gallery/2002_caminito_san_nicholas_bt1
http://flashitfirst.com/Gallery/2002_caminito_san_nicholas_bt1
Tuesday, September 29, 2009
Introducing our new interactive website at www.robbicampbell.com
Here is an introduction to our newly interactive website, http://www.robbicampbell.com/. Bookmark our website and use it as a resource tool! You can search for homes currently on the market, (including a separate search for foreclosure properties), learn more about our local schools, check out movie schedules and sports information from Padres and Charger websites, click on community links to find out about events and activities around San Diego County, weather, government and news websites, and MUCH MUCH more! Please call us at 858-436-3290 for more information as well! Thanks for visiting http://www.robbicampbell.com/ !
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