http://whiteoaksblog.com/2009/11/18/why-the-new-tax-credit-is-not-a-big-deal-for-san-carlos/ If it happens in San Carlos, it's in here... Sun, 14 Mar 2010 17:34:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://whiteoaksblog.com/2009/11/18/why-the-new-tax-credit-is-not-a-big-deal-for-san-carlos/#comment-9683 Chuck Sat, 21 Nov 2009 02:13:57 +0000 http://whiteoaksblog.com/?p=5224#comment-9683 Yep, between the previous lower income limit, and the new cap on the price of the home it really limits the potential benefit of this tax break. But I really believe that the extension of the conforming loan limit (and FHA) will extend whatever rally we've seen so far into 2010. Yep, between the previous lower income limit, and the new cap on the price of the home it really limits the potential benefit of this tax break. But I really believe that the extension of the conforming loan limit (and FHA) will extend whatever rally we’ve seen so far into 2010.

]]> http://whiteoaksblog.com/2009/11/18/why-the-new-tax-credit-is-not-a-big-deal-for-san-carlos/#comment-9680 Anonymous Sat, 21 Nov 2009 00:22:25 +0000 http://whiteoaksblog.com/?p=5224#comment-9680 You're right. As recent buyers in San Carlos, the new $729500 conforming loan made a HUGE difference in our purchase price, but the tax credit didn't affect us at all since it didn't cover anything over $800K. I wish Congress would have made exceptions for higher costs living areas and raised the maximum limit. You’re right. As recent buyers in San Carlos, the new $729500 conforming loan made a HUGE difference in our purchase price, but the tax credit didn’t affect us at all since it didn’t cover anything over $800K. I wish Congress would have made exceptions for higher costs living areas and raised the maximum limit.

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