So, the stimulus package changed the first time homebuyer’s tax credit up a little bit. Those of us who were hoping for a credit for all were disappointed, but if you haven’t owned a primary residence in the last three years, you might be in luck. You have the next 12 months to find a purchase a primary residence for yourself and get a tax credit. The tax credit is at most $8,000, depending on your income level and the price of the house. Since most houses out there are going to cost more than $80,000, it probably depends on your income.

I’m sure your friendly neighborhood real estate agent will have all the information you’ll need if you are in the market for a new house.

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Here’s a list of houses for sale in LA for under $100K. Not sure how many of these are inhabitable, but here’s a list:
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Here’s a list of houses for sale in San Francisco for under $300K:
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