California Extends Homebuyer Tax Credit

From the Mercury News: Gas tax deal comes with goodies for California home buyers and green-tech manufacturers

The deal reached Monday provides $200 million in new tax credits for homebuyers, to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home's purchase price, up to $10,000 over three years.

Dumb. Not that there is budget problem in California ...