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Friday
18Sep2009

40% of new home buyers were motivated by credit

DateFriday, September 18, 2009 at 04:26PM AuthorRob Carlson

Today's Sac Business Journal reports today that...

According to a California Assoiation of Realtors survey, 40 percent of first-time buyers would not have purchased a home without the tax credit.

They go on to state that the IRS counts 1.4 million people taking advantage of the credit with more than 10% of the credits (about 160,000) being distributed to Californians.

As we seem to endlessly state, the deadline to make use of the credit is coming quickly with all escrows needing to be finalized by Dec 1, 2009.  Hurry!  ;)