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Portland, Beaverton, Hillsboro, Tigard, Tualatin, Lake Oswego, and West Linn Oregon Real Estate
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Hey, first-time homebuyer: How does $8,000 from your Uncle Sam sound? Want an extra $8,000? If you’re a first-time homebuyer then we have a nice surprise for you. Last fall, the Federal Government introduced a financial incentive to prospective first-time homebuyers — an income tax credit of up to $7,500. The rules were simple: you must have been a first-time homebuyer (as defined by not owning a home in the previous three years) and you met certain income restrictions. The new $8,000 tax credit is available to those who buy between January 1, 2009 and December 1, 2009. It’s not a deduction, it’s an actual credit. Unlike the $7,500 first-time homebuyer tax credit introduced last summer; this does not need to be repaid. First timers who qualify can make no more than $75,000 in adjusted gross income if they’re single or $150,000 if filing jointly. The maximum tax credit is $8,000 or 10 percent of the sales price of the home, whichever is less. Three years residence in the property are required. As always, check with your accountant for details and be sure to submit IRS form 5405 when you file your taxes. |
Online Reports
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To enhance your buying and selling experience, it’s our job as real estate professionals to provide you with as much valuable information as possible. We want to set ourselves apart and become your Real Estate Economist of Choice! It is essential that buyers and sellers be aware of all aspects of the real estate market before making a major decision. We hope you find this information valuable. Call or email us for more information on how the current market conditions will impact you directly.
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The 2009 First Time Home Buyer Tax Credit
The New Credit is an $8,000 REFUNDABLE Tax Credit (or up to 10% of the purchase price).
* Refundable means that if your total tax liability in the given year is less than $8,000, the IRS will send a refund for the balance.
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Greater Portland Prosperity - A Regional Outlook
Along the western edge of the U.S., greater Portland-Vancouver
stands in a lineup of heavy hitters — Seattle to the
north, the Bay Area and Los Angeles to the south.
Affordable and accessible relative to its bigger metro
counterparts, and anointed with attributes urban and
natural, greater Portland is proving a spirited rival, having
grown into one of the most desirable places on the planet
to live.
Now, the region’s trajectory of 8% population growth
over the next five years makes it clear that greater Portland’s
secret is out, surely helped by its regular showing on
“best of” lists of all types — best place to live, to launch a
business, to bicycle, to have a baby, to retire.
What people find here is vitality and livability: great
neighborhoods, schools and efficient means of getting
around; a creative work environment; a backyard of
mountains, rivers and forests.
This isn’t lost on business leaders, well aware that
where there’s urban vitality there’s talent. The region’s
skilled workforce is drawing companies to Portland-Vancouver,
where they’re adding new expertise and innovation
to a diverse economic base.
Greater Portland is leading the way in green industry
— solar and wind energy, environmental services, green
building. Creative thinking has given rise to a vibrant design
cluster. Software is hot, too, with the region’s hive of
open-source activity inspiring scrappy young companies
to make their home here.
This book takes stock of these and other regional
strengths, comparing them with those of nine competitive
western metropolitan areas: Seattle, Denver, Sacramento,
San Francisco, San Jose, Los Angeles, San Diego, Albuquerque
and Austin.
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January Market Action Report
The Source for Real Estate Statistics in Your Community.
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Market Overview for North Portland (Area 141)
Market Overview for North Portland single family homes and condos as of January 2010.
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Market Overview for Northeast Portland (Area 142)
Market Overview for Northeast Portland single family homes and condos as of January 2010.
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Market Overview for Southeast Portland (Area 143)
Market Overview for Southeast Portland single family homes and condos as of January 2010.
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Market Overview for Gresham and Troutdale (Area 144)
Market Overview for Gresham and Troutdale single family homes and condos as of January 2010.
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Market Overview for Milwaukie and Clackamas (Area 145)
Market Overview for Milwaukie and Clackamas single family homes and condos as of January 2010.
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Market Overview for Oregon City and Canby (Area 146)
Market Overview for Oregon City and Canby single family homes and condos as of January 2010.
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Market Overview for Lake Oswego and West Linn (Area 147)
Market Overview for Lake Oswego and West Linn single family homes and condos as of January 2010.
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Market Overview for Southwest Portland (Area 148)
Market Overview for Southwest Portland single family homes and condos as of January 2010.
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Market Overview for Northwest Portland Northwest Washington County (Area 149)
Market Overview for Northwest Portland Northwest Washington County single family homes and condos as of January 2010.
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Market Overview for Beaverton (Area 150)
Market Overview for Beaverton single family homes and condos as of January 2010.
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Market Overview for Tigard, Tualatin, Sherwood, Wilsonville (Area 151)
Market Overview for Tigard, Tualatin, Sherwood, Wilsonville single family homes and condos as of January 2010.
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Market Overview for Hillsboro and Forest Grove (Area 152)
Market Overview for Hillsboro and Forest Grove single family homes and condos as of January 2010.
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