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California median price rises 5.8 percent in November

Home sales in California increased 4.7 percent in November compared with the same period a year ago, while the median price of an existing home rose 5.8 percent, according to a report released yesterday by C.A.R. The median price of an existing, single-family detached home in California during November 2009 was $304,520, a 5.8 percent [...]

Senators agree to extend homebuyer tax credit

Senators agree to extend homebuyer tax credit By Stephen Ohlemacher (AP) WASHINGTON – Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. [...]