The Countdown Begins – 17.5% of CA New Home Tax Credit left…

Basically, if you’re not closing escrow in the next two weeks on your never been lived in home – don’t plan on getting that $10,000 CA new home tax credit. What’s going to be interesting is to see if the sales in new developments, that spiked in May, slow down as the news goes out that the tax credit is gone.

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