Archive for November, 2009
Good News for People Who Like Numbers
November 11th, 2009
By Ross Domke
Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.
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Tax Credits: Not just for the freshmen anymore!
November 5th, 2009
By Ross Domke
An amendment to the bill extending the FTHB credit would expand it to allow longtime residents of the same principal residence to claim a tax credit of up to $6,500. Homebuyers must have owned and used their residence for any five-consecutive-year period during the past eight years to claim the exception.
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Market Trends and News You Can Use
November 2nd, 2009
By Ross Domke
The most recent quarterly report of market trends for Shasta County shed light on what’s happening and what it all means.
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