Duration : 0:3:39

[youtube p7Dh3rZTEyg]

The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.

For December, we take a look at the results the incentive had on stimulating home sales since 2008.

According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.

Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.

But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.

According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.

If we look at the results according to the total number of claims, heres how the rankings shake out:

California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.

Texas is number two with over 131 thousand.

And Florida is number three with over 105 thousand.

But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.

Heres a look at the top three in terms of per capita participation in the tax credit

Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.

Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.

And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.

Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.

Back to you, Jay

Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.

Duration : 0:3:6

[youtube 4cz_wxcoPOI]

This tropical, fully furnished custom home is designed with the Scottsdale climate truly in mind. 10,000 sq ft plus of luxurious living. Open and airy, this home brings the outdoors in, from the slate walkways and patios to the pool lapping at your feet in the outdoor living room. Exotic, lush vegetation makes you feel like you are on a tropical island. A kitchen to satisfy even Emeril himself, complete with professional appliances. Custom wine cellar, butlers kitchen and pantry, dining room with bar access, a master suite unrivaled and much more! Steam shower in both master and exercise rooms.

Showcasing luxury homes in Arizona. HGTV Luxury Home Video Tours. Luxury Real Estate, Castles, and Mansions for Sale. Real estate in the news and on TV.

http://www.TheLuxuryBrokers.com All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

Neither The Luxury Brokers, LLC. nor the service providers for The Luxury Brokers, LLC. are liable for any errors or inaccuracies in the information provided through this website. © 2008 The Luxury Brokers, LLC.

Duration : 0:5:44

[youtube 6FejlcyTWxw]

Duration : 0:1:37

[youtube rXF1dIEvtfs]

Duration : 0:0:53

[youtube esBCPGnhlnc]