Senators likely to extend tax credit to end of April 2010

Many of the top Democrats and Republicans expressed support this week to extend or expand the soon-to-expire buyer tax credit.



Most agreed to extend the $8,000 first time home buyer tax credit. Additionally, they plan to expand a $6,500 tax credit to home owners who have been in their home for at least 5 years if they purchase a new primary residence. This is very big news for buyers who thought that ship sailed!



They will also consider making the tax credit available for individuals making up to $125,000/yr and couples making $250,000/yr. This is up from $75,000 and $150,000 respectively. Sweet!

The extension and improvement of the tax credit has a ton of support but still needs to be signed. It's not a done deal yet!!

Baton down the hatches!

The National Weather Service has issued this special statement for Marin county. Be sure to clean out those gutters, cover your patio furniture and do other winter preparations around the house - early!
... HEAVY RAIN AND POTENTIALLY HIGH WINDS EXPECTED TO ACCOMPANY A SIGNIFICANT STORM EXPECTED TO HIT LATE MONDAY INTO EARLY WEDNESDAY OF NEXT WEEK...
A POTENT STORM SYSTEM... ESPECIALLY FOR OCTOBER... WILL MOVE INTO CENTRAL AND NORTHERN CALIFORNIA BEGINNING LATE MONDAY AND CONTINUING THROUGH WEDNESDAY MORNING. THIS WILL BE A VERY DRAMATIC CHANGE FROM THE TYPICAL LATE SUMMER PATTERN THE AREA HAS BEEN EXPERIENCING. THE ORIGINS OF THIS STORM STEM FROM A WESTERN PACIFIC TYPHOON NAMED MELOR THAT HIT JAPAN A FEW DAYS AGO.

Congress might extend frist-time buyer rebate

The real estate industry in California and across the nation is lobbying Congress to extend the credit through next summer. Members of the House and Senate have proposed more than 20 bills to extend and/or expand the credit.