Archives

Los Angeles, CA - December 30, 2010 - (RealEstateRama) -- Los Angeles County Assessor John R. Noguez today reminded property owners who may have been affected by the recent storms to contact his office as soon as possible for information about potential tax relief if rain, mud or related damage amounts to $10,000 or more.

SAN BERNARDINO, CA - December 28, 2010 - (RealEstateRama) -- San Bernardino County Assessor Dennis Draeger announced today that property tax relief will be available for victims of last week’s devastating floods that have ravaged San Bernardino County. According to news reports, many structures have either been destroyed or suffered extensive damage as a result of flooding in many areas of San Bernardino County

FRESNO, CA - November 5, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a four-count indictment today, charging Brian Keith Cortez, 47, of Fresno, with evading the assessment of income taxes.

EMERYVILLE, CA - July 26, 2010 - (RealEstateRama) -- Despite slowdowns in home sales across the country, California is still the nation’s hottest spot for home buying activity, with homes fetching multiple offers and selling above list price, according to the Q2 2010 Home Hunter report released today by ZipRealty (ZIPR).

WASHINGTON, D.C - June 14, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-Sacramento) voted to help families realize the dream of homeownership, save taxpayers money, and protect Americans from mortgage fraud by passing H.R. 5072, legislation that institutes reforms to the Federal Housing Administration (FHA). The Federal Housing Administration Reform Act is part of a larger commitment of Rep. Matsui and her colleagues to provide working Americans and small businesses in Sacramento with the tools to drive our economic recovery.

SACRAMENTO, CA - May 3, 2010 - (RealEstateRama) -- The homebuyer tax credit signed into law earlier this year by Governor Arnold Schwarzenegger will be available beginning Saturday, May 1. Governor Schwarzenegger in March signed into law AB 183 by Assembly Member Ana Caballero, D-Salinas, and co-authored by Senator Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes. The credit will be available beginning May 1 and be good through December 31, 2010, or when funding is exhausted, whichever comes first. The $200 million allocated for the program is split evenly with $100 million going to purchasers of new homes and $100 million going to first-time buyers of existing homes

WASHINGTON, DC - April 7, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is reminding families in the market for a new home to act soon so they can benefit from the First Time Homebuyer (FTHB) tax credit, which has been extended an additional 30 days to a deadline of May 1, 2010.

Sacramento, CA - April 1, 2010 - (RealEstateRama) -- Last November, the Worker, Homeownership, and Business Assistance Act of 2009 was signed by President Obama, extending the first-time homebuyer credit through April 30, 2010 and expanding the eligibility requirements for purchasers. (Note that a binding contract must be signed by April 30; a buyer then has until June 30, 2010 to settle the purchase.

March 26, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today returned to the La Ventana Homes project in Fresno where he kicked off his campaign to extend and expand the hugely successful homebuyer tax credit to sign legislation that will do just that. AB 183, authored by Assemblymember Anna Caballero (D-Salinas) and Senator Roy Ashburn (R-Bakersfield), will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new home.

LOS ANGELES, CA - March 26, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.

SACRAMENTO, CA - March 26, 2010 - (RealEstateRama) -- California homebuilders said the $10,000 tax credit for purchasers of new homes and for first-time purchasers of existing homes will help jump-start the homebuilding industry, create jobs and provide a much-needed boost to the state’s economy

January 7, 2010 - (RealEstateRama) -- Long Beach residents are invited to a "Home Ownership and Credit" workshop on Wednesday, January 13, from 6:00 to 7:30 pm at the Neighborhood Resource Center, 425 Atlantic Ave.

SACRAMENTO, CA - January 7, 2010 - (RealEstateRama) -- California homebuilders applauded Governor Schwarzenegger for his determination to reinvigorate the state’s economy by focusing on jobs, streamlining the construction permitting process and establishing a new homebuyer tax credit.

Morgan Hill, CA - December 23, 2009 - (RealEstateRama) -- After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed.

Washington, DC - December 18, 2009 - (RealEstateRama) -- U.S. Senators Dianne Feinstein (D-Calif.) and Jeff Merkley (D-Ore.) today introduced a measure to spur the development of renewable energy employment and construction, such as wind and solar farms and solar panel factories. The bill would primarily extend and expand a popular Treasury Department grant program that was established in Section 1603 of the American Recovery and Reinvestment Act of 2009 in order to help diminish the impact of the economic crisis on the renewable energy sector

Washington, D.C. - November 16, 2009 - (RealEstateRama) -- Congressman Kevin McCarthy joined House colleagues in cosponsoring bipartisan legislation, the Small Business and Military Family Assistance Act (H.R. 4042), that would extend a tax credit for small businesses that pay differential wages to their employees who are Armed Forces servicemembers and have been called up to active duty.

Washington, DC - November 9, 2009 - (RealEstateRama) -- This week, the House voted on legislation to extend the $8,000 first-time homebuyer tax credit through April 30, 2010, which is currently set to expire December 1, 2009. The bill also expands eligibility of the credit, raising the income eligibility cap on individuals to $125,000 and $225,000 for married couples, up from $75,000 and $150,000 respectively, and homes sold for more than $800,000 are ineligible.

Washington, DC - November 6, 2009 - (RealEstateRama) -- U.S. Rep. Ed Perlmutter (CO-07) voted to stimulate the local economy and provide stability to American families hit hardest by the recession by extending the homebuyer’s tax credit, unemployment benefits, and tax relief for military families and businesses. The Emergency Unemployment Compensation Extension Act will provide immediate assistance, extending relief to millions of workers, families, and businesses nationwide.

Washington, DC - November 6, 2009 - (RealEstateRama) -- Rep. Watson voted to stimulate the local economy and provide stability to American families hit hardest by the recession by extending unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses. The Emergency Unemployment Compensation Extension Act will provide immediate assistance, extending relief to millions of workers, families, and businesses nationwide.

LOS ANGELES, DC - November 6, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today commended Congress and the Senate for its swift actions in extending and expanding the provisions of the Federal Tax Credit for First-time Home Buyers. The U.S. House of Representatives earlier today voted 403 to 12 for passage, as did the U.S. Senate late yesterday. The legislation now goes to President Obama for signature.