Washington, DC - November 5, 2009 - (RealEstateRama) -- Congresswoman Lucille Roybal-Allard (CA-34) voted to stimulate the local economy and provide stability to families hit hardest by the recession by extending unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses.
SACRAMENTO, CA - October 26, 2009 - (RealEstateRama) -- New-home construction dipped again in September leading California homebuilders to strengthen the call for the Legislature to extend the successful homebuyer tax credit, the California Building Industry Association announced today
C.A.R. calls for swift adoption of Dodd-Lieberman-Isakson amendment to extend home buyer tax credit. LOS ANGELES, CA - October 26, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today called for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010.
Washington, D.C. - October 9, 2009 - (RealEstateRama) -- Today, Rep. Anna G. Eshoo (D-Palo Alto) voted for two key measures for service members and veterans. H.R. 1016, the Veterans Health Care Budget Reform and Transparency Act, speeds the delivery of funding for veterans health care and H.R. 3590, the Service Members Home Ownership Tax Act, assists service members looking to buy or sell their homes and extends home-buying incentives.
Nearly 40 percent of first-time home buyers report federal tax credit played critical role in decision to purchase a home. LOS ANGELES, CA - September 21, 2009 - (RealEstateRama) -- Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2009 First-time Home Buyers Tax Credit Survey.” Understanding the significance of the federal tax credit to the housing market’s recovery, C.A.R. surveyed 200 California first-time home buyers to gauge the impact it had on their purchase decisions
CBIA says state new-home tax credit extension needed to bolster construction. SACRAMENTO, CA – California homebuilders pulled back on new-home production in July as homebuyers retreated from housing markets around the state following the discontinuation of the successful homebuyer tax credit early in the month, the California Building Industry Association announced today.
Funding will stimulate the production of 65 affordable housing units stalled by recession and create quality jobs. WASHINGTON - U.S. Housing and Urban Development Deputy Secretary Ron Sims today visited Cedar Gateway Developments in San Diego, CA, an affordable housing development that was under construction but came to a halt last March due to the loss of tax credit funding. HUD Tax Credit Assistance Program (TCAP) funding, provided through American Recovery and Reinvestment Act of 2009 (Recovery Act), will now allow the project's construction to restart in November, along with thousands of others throughout the country, creating quality jobs in the hard-hit construction industry.
SACRAMENTO,CA - July 23, 2009 - (RealEstateRama) -- Total housing starts saw a significant increase in June when compared to May, which the California Building Industry Association said was additional evidence that the state new-homebuyer tax credit enacted earlier this year is helping to generate new-home sales, and in turn, job-generating home construction.
CBIA says state new-home tax credit is generating demand for new homes and construction. SACRAMENTO, CA - June 24, 2009 - (RealEstateRama) — May single-family home starts held their own compared to April, offering additional evidence that the state new-home tax credit is generating demand for new homes and leading to a resumption of job-generating construction, the California Building Industry Association reported today
June 01, 2009 - (RealEstateRama) — Los Angeles County Assessor Rick Auerbach today announced completion of a decline in value review of 473,000 homes and condominiums in Los Angeles County. Auerbach stressed that due to the declining real estate market, it was his responsibility to review values to make sure homes are properly assessed.
May 28, 2009 - (RealEstateRama) — With signs pointing to a slow recovery for the new housing market, a bill is quickly making its way through the California Legislature that would add two years to existing tentative subdivision and parcel maps.
Homebuilders hope for a second round of the homebuyer tax credit. SACRAMENTO, CA - May 26, 2009 - (RealEstateRama) — Single-family home construction in California showed a significant increase in April when compared to March and was the largest monthly total since October of 2008, which the California Building Industry Association said provided more evidence that the homebuyer tax credit enacted in the beginning of March is helping to clear out inventory and generate new-home construction.
May 20, 2009 - (RealEstateRama) — Robert Rivinius, President and CEO of the California Building Industry Association (CBIA), made the following statement on the results of the decision of California voters to reject the budget reforms and tax increases contained in Propositions 1A through 1E
Washington, DC - May 20, 2009 - (RealEstateRama) — Today, the House and Senate gave final approval to a broad housing bill that would help homeowners refinance to stay in their homes, increase funding for foreclosure prevention efforts and establish new protections for renters who face eviction because they are living in foreclosed properties.
May 13, 2009 - (RealEstateRama) — San Diego-Continuing his fight to stop scams against homeowners, Attorney General Edmund G. Brown Jr. today filed suit against two brothers who "ripped off homeowners" seeking help in reducing their property tax assessments.
SACRAMENTO, CA - April 09, 2009 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. and 14 other states yesterday urged the Obama Administration to overturn the Bush EPA's "shameful denial" of California's request to enforce its automobile greenhouse gas emissions law.
March 27, 2009 - (RealEstateRama) — On February 17, 2009 President Barack Obama signed the American Recovery and Reinvestment Act, commonly known as the stimulus package. Overall, the stimulus is a mixed bag for the real estate industry, as it provides some significant benefits but several provisions beneficial to the industry were scaled back significantly in the final negotiations between the House and Senate.
A California Court last month ruled that a seller of a condominium could be liable for fraud because that seller did not disclose to the buyer of the condo that water intrusion problems were so bad that two (2) separate lawsuits were filed to address them.
March 20, 2009 - (RealEstateRama) — The California Reinvestment Coalition, Woodstock Institute, Neighborhood Economic Development Advocacy Project and the Community Reinvestment Association of North Carolina are calling on Earvin “Magic” Johnson to stop promoting predatory tax refund anticipation loans this tax season as part of his partnership with Jackson Hewitt, the franchise tax preparer notorious for preying on low-income people.
Association says recent sales spurred by homebuyer tax credits may cause January to be bottom of cycle