Positive signs for real estate have surfaced indicating this troubled market appears to be stabilizing. It bodes well for the Malibu CA area, with July housing statistics exceeding economist’ forecasts at up over 9%.
While the number of sales are down nationally from the peak of 2005, they are up quite a bit from January on. The upswing of real estate sales is largely attributed to the first time homebuyer tax credit, which covers 10% of the value of your new Malibu CA Home up to $8,000.
The current tax credit is only good until December 1st for you Malibu home buyers and there is a big push to extend the credit too. Malibu Home builders in particular want to see the credit extended because any Malibu area projects that are started cannot be guaranteed to be finished by the tax credit cut-off date.
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
