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The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.

For December, we take a look at the results the incentive had on stimulating home sales since 2008.

According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.

Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.

But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.

According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.

If we look at the results according to the total number of claims, heres how the rankings shake out:

California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.

Texas is number two with over 131 thousand.

And Florida is number three with over 105 thousand.

But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.

Heres a look at the top three in terms of per capita participation in the tax credit

Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.

Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.

And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.

Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.

Back to you, Jay

Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.

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The Fellowship Night’s theme was “Memories of Yesteryears” with songs of the ’50s and ’60s. Nine (9) other boards from Luzon, Vizayas and Mindanao performed their song and dance numbers. This is a Song with Choreography competition (as of 7 Sept. 08 yahoo groups e-mail announcement).

This National Realtors Convention is held annually to form camaraderie with fellow Realtors from all over the country and to hold our new set of PAREB Officers for the coming fiscal year. We had seminars and different programmes, had good speakers this year, to be of better service to our real estate clients here and abroad.

We enjoyed this night!

PMRB PARTICIPANTS IN THIS VIDEO:

2008 President & 2009 PAREB Incoming National Treasurer:
Realtor® Rosauro “Ross” Fernando

Vice-President:
Realtor® Arthur “Art” Evangelista

Treasurer:
Realtor® Nympha “Nymph” Bocaling

Board Secretary:
Realtor® Engr. Ferdinand “Ferdie” Catral

Director:
Realtor® Vinia Lapuz

Director:
Realtor® Mercedita “Mercy” Reyes

Presidential Adviser & Past President:
Realtor® Feliciano “Phil” Coquia

Board Consultant & Past President:
Realtor® Ma. Theresa Bernadette “T.A.” Antonio

Board Consultant & Past President:
Realtor® Lucille Cuasay

Board Consultant & Past President:
Realtor® Emmanuel “Manny” Bocaling

Board Consultant & 2008 PAREB National Treasurer:
Realtor® Wilfredo “Freddie” Manzon

Member: Realtor® Anna Nisperos
Member: Realtor® Elena Jove

Introduction:
Past President and Legal Adviser
Realtor® Atty. Ariel Martinez

“PMRB Gives You the Edge”
http://www.pmrb.org

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Million dollar homes overlook the Indian Ocean, Sorrento Quays and the Hillarys boat harbour. Find real estate for sale in the Sorrento and Hillrays region by contacting us at http://www.realestatehillarys.com.au.

Sorrento Quays in Hillarys, is home some prime real estate and home to a number of unique shops, including 2 real estate agencies. The Shire of Hillarys contains around 4000 homesites and is located in the Shire of Joondalup. Hillarys contains many outstanding homes with many overlooking the Indian ocean. It is home to some of Perths multi-million dollar mansions, yet contains affordable housing as well. Hillarys has one of the finest boat harbours in West Australia and is home to many boats and yatchs. You can find out more about buying or renting in the suburb of Hillarys at http://www.realestatehillarys.com.au/suburb.html«

Go to
http://www.realestatehillarys.com.au for more real estate information on Hillarys and Sorrento.

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