Molly LeBlanc

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.

How 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.

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)

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.

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

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