california tax credits

Economist says California Tax Credit Won’t Last Through May

Economist says California Tax Credit Won’t Last Through May New home buyers will burn through the California state tax credit no later than May 20, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  I am not surprised by this report.  I’ve done the math. The credit is limited to $100M for resale homes and $100M for new homes.  $100M divided by $10,000 = 10,000.  Only 10,000...

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