For 2011-2012, the opportunities for first time homebuyers are better than they have been in many years. Here are some of the reasons why.
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Home prices are lower, first time home buyers can now afford to buy a home. -
Home prices for entry level homes in our East Bay Tri Valley area are as low as the low to mid $200K's. In the Central Valley cities of Tracy, Mountain House, and Manteca entry level houses are now priced in the mid $100K's. -
Interest rates remain at historic lows thereby making the home ownership dream more affordable. -
There are many houses available for sale with bank owned REO's available at great prices. -
New government laws have created substantial tax breaks for first time homebuyers. -
With the income tax breaks currently in place where first time buyers can deduct property taxes and mortgage interest expense as well, in many cases it is more affordable for people to buy a home than it is to rent.
On the following pages you will find all the information that you may require to help you with your decision to purchase your first home. Thank You!!
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