Monday, October 5, 2009

East Bay Real Estate Update: The Home Buyer Tax Credit

Word is out that Obama is behind extending the $8,000 home buyer tax credit.  This is toady according to White House spokesman, Robert Gibbs.  There also appears to be bipartisan support for this extention.  What does this mean to you?  Well, there is still no guarantee that the credit will be extended.  But the signs are hopeful that it will go at least until June 10th as the housing market is still considered to be an important piece in restarting our economy.  If you are considering selling a home, it would be to your advantage in many situations to get it on the market while this stimulus is still in play.  Likewise , if you are a buyer, this is a free $8000.  Also, the Berkeley, Oakland, Emeryville and other East Bay real estate markets are turning.  Prices in most areas have stabelized and in many areas are showing an increase.  Don't delay too long or this window of opportunity will pass you by.  If you're one of the folks who in 2005 wished you had bought in 2003, well those days are back and the housing market will recover.  Do yourself a favor.  You'll be glad you did.
For more real estate related information as well as a complete MLS search for homes is availabe on my website: For a confidential consultation, home valuation, BPO or other real estate services please call 510-292-2029 or email

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