Home Tax Credits Given to 14,100 Taxpayers in Error
Government home buyer tax credit program
A report by Treasury Department showed that more than 14,100 taxpayers wrongly received home buyer tax credits. The report estimates that at least $26.7 million in tax credits went to people who did not qualify.
Also, the Treasury Department showed that 1,295 inmates filed fraudulent home tax credit claims totaling $9.1 million. In an example of fraudulent home tax credit claims, one home was used by 67 taxpayers to claim credits, according to the report.
Carlsbad real estate
Home Sales Fall
home sales
New home sales fell by 32.7% in May. The plunge was worse than the consensus expectation for a drop in new home sales, though short of the most worst forecast.
The year over year plunge in new homes sales was 18%.
Also, reported yesterday, sales of previously occupied homes dipped in May, even though buyers could receive government tax credits. And nearly a third of sales in May were from foreclosures or other distressed properties. The National Association of Realtors said last month’s sales fell 2.2 percent from the previous month to a seasonally adjusted annual rate of 5.66 million.
Clairemont real estate
11.2 Million Homeowners Owe More On Their Mortgages Than Their Home Values
home values
According to real estate analytics firm CoreLogic, negative equity continues to be a massive and corrosive problem. During the first quarter of this year, 11.2 million homeowners across the country owed more on their mortgages than the market values of their properties. Read more 
San Diego Real Estate Value Drop
San Diego real estate values took a huge hit since the summer of 2005.
It’s been a horrible San Diego California real estate market; be glad you are not a homeowner in Las Vegas!
real estate value declines
Clairemont real estate
Consumer Sentiment Improves in June
consumer sentiment
U.S. consumer sentiment improved in early June to its strongest level in nearly 2-1/2 years, bolstered by hopes of better job and credit conditions, a recently released survey showed.
San Antonio Texas lawyers
San Diego Home For Sale 3Br-3Ba
San Carlos 3Br. Town Home VALUE!
Extremely desirable, 3BR/3BA in Mariposa!
Nice ‘inside’ quiet location w/MBR facing green-belt.
Newer Berber carpeting & elegant tile flooring.
Popcorn ceilings removed.
Upgraded MBA. Mirrored closets – Ceiling Fan – Raised brick-hearth fireplace – Covered front patio.
Great 3Br. value in popular community! Located in sought-after, quiet, ‘inside’ location! Enjoyable front patio area. Additional laundry room, spacious master bedroom w/vaulted ceiling and mirrored closets! Elevated dining room with pass-through to kitchen. Quality kitchen cabinets, tile counter tops, trash compactor, water line for ice maker. This Mariposa Spanish townhouse combines warmth, comfort, and efficiency. All windows dual glazed for energy conservation. Attached two car garage w/opener and direct access into home. Complex has solar pool and spa. Easy walking distance to a city park as well as Mission Trails 5,700 acre Regional Park. All measurements are approximate. Sq. ft. per tax rolls. This is really a must see home and community! Low $160 dues. Seller to select all related services. Value ranged $349,900 to $375,000
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