This morning at our Realtors' tour meeting, it was announced that the funding has run out for the $10,000 new home buyers' credits that the state was offering to purchasers of new homes. This is no real surprise. Given the condition of California's economy, I didn't really expect Sacramento to extend this offer. They could have handed out more IOUs, I suppose.
The federal government's $8000 home buyers' credit is still in existence, though. When they run out of money, they just print some more.
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