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June 21st, 2010
Sacramento Home Sales for May are the strongest they have been in 4 years! Over 3,700 homes were purchased in May alone according to a Sacramento Bee Article. Additionally, the average sales price was higher this year than last. This is great news for sellers.
This also means the first-time California buyer state tax credit is quickly running out. Over 15,000 buyers have applied for the state tax credit, which is now 80 percent claimed. If you’re thinking of buying a home, be sure to act quickly enough to take advantage of this great tax credit worth up to $10,000. Interest rates have also remained below 5 percent for the past six weeks, making it a great market for both buyers and sellers. It’s a great time for real estate in Sacramento!