April 2010 - Posts

Fed leaves key rate unchanged Released 4/28/2010
28 April 10 09:10 PM
Information received since the Federal Open MarketCommittee met in March suggests that economic activity has continued tostrengthen and that the labor market is beginning to improve. Growth inhousehold spending has picked up recently but remains constrained Read More...
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NEW Home Buyer Tax Credits start MAY 1st, 2010
24 April 10 11:17 AM
These tax credits are available for taxpayers who purchase a qualified principal residence on or after May 1, 2010, and before January 1, 2011. Additionally, these tax credits are available for taxpayers who purchase a qualified principal residence on Read More...
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Buying vs. Renting cost gap narrows
24 April 10 10:40 AM
Thinking of buying a home? Consider this: The gap between monthly rents and mortgage payments is at its lowest level in almost 20 years. In some markets, the difference can be less than $100, according to a national study conducted for The Associated Read More...
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No More State Tax on Forgiven Debt // Short Sale, Foreclosure, Loan Modification
13 April 10 07:13 PM
Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale , foreclosure, or loan modification. Enacted into law yesterday, Senate Bill 401 generally aligns California's tax treatment of mortgage debt Read More...
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