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Molly LeBlanc

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Who Do You Know That Could Benefit From These Tax Breaks?

What is the Extended Credit?


・Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.

・Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Who Qualifies for the Extended Credit?


・First-time home buyers* who purchase homes between November 7, 2009 and April 30, 2010.
・Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five years within the last eight.

*To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

How is a Buyer's Credit Amount Determined?


Each home buyer's tax credit is determined by tow additional factors:

1. The price of the home.

2. The buyer's income.

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009,  single buyers with incomes up to $125,000 and married couples with incomes up to $225,000-may receive the maximum tax credit.

We Need You this Thanksgiving!

Volunteering for Donate Dinner is a fun and rewarding experienceHow Can I Help?
We need 1,500 volunteers to greet customers and distribute Donate Dinner cards at participating grocery stores during the 5 days before Thanksgiving, Nov. 21 - 25, 2009. Shifts are 2 hours and are available from 9 a.m. to 9 p.m.

What Do I Do?
You simply greet customers with a smile, hand them a card and say, "Hi, I'm a volunteer for Loaves & Fishes Centers, the Meals-On-Wheels People. If you'd like to Donate Dinner for a senior, please tell the cashier when you check out. Thank you!" You are welcome to sign up for more than one shift...and bring a friend!

Donate Dinner is one of the largest volunteer events in the Portland metropolitan area. Last year, volunteers raised more than $230,000 to feed local seniors. Donations increase significantly when we have a volunteer present. Please join us! We served 1.4 million meals last year and the need continues to grow.



Thanksgiving Day Drivers & Servers Needed!
Thursday, November 26, 2009

Approximately 300 volunteers are needed to deliver hot turkey dinners with all the trimmings to homebound seniors on Thanksgiving Day, November 26, 2009. Volunteers will deliver four to five meals between 10:30 a.m. and noon.

Meals can be picked up from five locations
( view map of locations):

- The Loaves & Fishes Resource Center in Multnomah Village
- The Cherry Blossom Loaves & Fishes Center in SE Portland
- The Doubletree Inn at Lloyd Center located one mile from downtown Portland
- The Forest Grove Senior Center in Forest Grove
- The Luepke Loaves & Fishes Center in Vancouver


To volunteer to be an on-site server, please call our Thanksgiving hotline at 503.953.8111

*A background check is required for all State of Oregon drivers.

Make a donation!

Loaves & Fishes Centers, the Meals-on-Wheels People

We. Are. #3!!!!

10 Safest Places to Live in the U.S.
A sense of security is one of the big reasons why people choose a home. Forbes magazine has created a list of the nation's safest places to live by examining four factors: workplace accidents, weather catastrophes, crime rates, and traffic accidents.

The result is this list of top 10 safest metropolitan areas:

  1. Minneapolis-St. Paul-Bloomington, Minn.-Wisc.
  2. Milwaukee-Waukesha-West Allis, Wisc.
  3. Portland-Vancouver-Beaverton, Ore.-Wash.
  4. Boston-Cambridge-Quincy, Mass.
  5. Seattle-Tacoma-Bellevue, Wash.
  6. Providence-New Bedford-Fall River, R.I.
  7. San Jose-Sunnyvale-Santa Clara, Calif.
  8. New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.
  9. Cincinnati-Middletown, Ohio (tie)
  10. Cleveland-Elyria-Mentor, Ohio/Denver-Aurora, Colo. (tie)


Source: Forbes.com, Zack O'Malley Greenburg (10/26/2009)

Keeping Our Fingers Crossed!!!

Homebuyer Credit Gets New Life


Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.

Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, and allegations of abuse have resulted in an IRS probe of the program.

Source: Wall Street Journal, Corey Boles and John D. McKinnon (10/29/09)

© Copyright 2009 Information Inc.

Clackamas County September Statistics

Original search criteria: Prop Cat: RES County: Clackamas SD: 9/1/2009 - 9/30/2009 Stat: ACT, BMP, SLD
Sales Active Listings
Type Price Class 2
or fewer
3
Bdrms
4
or more
Condo
Units
Total
Units
Residential
Units
Condo
Units
UNDER 29,999 0 0 0 0 0 8 0
30,000 - 39,999 0 1 0 0 1 6 0
40,000 - 49,999 0 0 0 0 0 7 2
50,000 - 59,999 0 0 0 0 0 0 1
60,000 - 69,999 0 0 0 0 0 1 1
70,000 - 79,999 0 0 0 0 0 4 0
80,000 - 89,999 0 0 0 0 0 4 2
90,000 - 99,999 0 0 0 0 0 6 7
100,000 - 119,999 0 1 1 0 2 14 10
120,000 - 139,999 1 3 0 0 4 23 15
140,000 - 159,999 1 8 4 1 14 40 27
160,000 - 179,999 4 5 1 3 13 86 17
180,000 - 199,999 5 19 3 4 31 131 19
200,000 - 249,999 7 58 15 1 81 394 54
250,000 - 299,999 7 36 15 0 58 416 41
300,000 - 399,999 0 34 33 2 69 606 28
400,000 - 499,999 0 18 28 0 46 417 13
Over 500,000 1 7 38 3 49 914 28
Total 26 190 138 14 368 3,077 265
Median Price 205,000 250,450 387,388 193,000 279,938 369,900 229,900
Average Price 223,123 284,936 479,874 291,714 353,929 520,615 277,787
Total Dollar Volume Residential

Total Dollar Volume Condo

Total Home Sales Dollar Value

126,161,729

4,083,995

130,245,724

Time on Market of Units Sold
Days # Residential # Condo
0 - 30 115 2
31 - 60 65 1
61 - 90 57 3
91 - 120 32 1
121+ 85 7
Type of Financing of Units Sold
Financing # Residential # Condo
ASSMP 0 0
CASH 57 1
CONV 167 8
FHA 94 5
OTHER 23 0
VA 13 0

© RMLSTM 2009. ALL RIGHTS RESERVED.