Barry Ripp ~ East Bay Area Real Estate

The Bay Area Rapid Transit (BART) and the City of Livermore held the last of three community meetings about proposed routes to extend BART to Livermore on Thursday, Jan 21. The cost and complexity of extending BART to Livermore means project construction could be up to 20 years away. However, the extension could begin impacting property values and property rights much sooner.

Bay East staff provided comments at the workshop asking BART to consider the impact that the planning process, let alone the construction and operation of the extension, will have on residential real estate.

Governor Proposes $10K home buyer Tax Credit: During his final “state of the State” speech on Wednesday Jan. 6, Governor Schwarzenegger proposed a state income tax credit of $10,000 for first-time home buyers. The proposal would expand the tax credit for those purchasing newly constructed homes to include the purchase of existing homes by first-time home buyers.

For more information, contact me.

 ~  Barry