The tax credit for first-time homebuyers— created as part of the federal stimulus— is about to expire, which has a few people anxious to get it renewed for another year. Those people include the real estate industry at large, including California’s, which as we all well know has been littered with many bank owned sales/foreclosures and still has a weak market in general. One proposal on the table would increase the $8,000 tax credit to $15,000, which one estimate says would double its cost from $15 billion to $30 billion. Critics of the program have noted the tax credit mainly subsidizes people who are already going to buy houses (85 percent of the tax credit recipients), rather than spurring sales that wouldn’t have otherwise occurred. Proponents, however, aren’t few, at least in Congress: there have been more than 20 bills put forward to extend or expand the tax credit.

Last night, J. Rockcliff Realtors, hosted a dinner at the Patrick David Event Center which opened a few years ago,  while the restaurant opened up in April 1996.   The dinner last night was for the top 5% of the Rockcliff agents and was well attended.  The food served last night was really good too, with the surf and turf being well received.  Patrick David is best known for their chocolate souffle desert and they did serve that last night as well.

At the dinner last night, it was revealed that J. Rockcliff Realtors is coming out with revised web page.  It was previewed last night and it looks amazing, with a new layout and other features to be soon seen as the company prepares the roll out very soon.

The Frazzano Team was also one of 4 teams/agents mentioned as sales leaders YTD 2009, with over 30 million dollars in sales YTD.

It is nice to work with such a great group of people and with a company that is so appreciative of their top producers!