Southern California, or SoCal, is the southern portion of the U.S. state of California. Southern California’s population centers on the cities of Los Angeles, San Diego and as well as San Bernardino and Riverside.
Thaw!

Nearly 50 years is a long time to wait for a train, but East Los Angeles residents can rest at ease, their train’s finally come in. An $898-million Gold Line extension opened in November, marking the first time in a half century a train has served that area.
The entire 20-mile Gold Line route from Pasadena to East L.A.’s Atlantic station cost a mere $1.25. One reason for rail line extension was to make it easier and cheaper for residents to reach jobs throughout SoCal, however some believe the importance of …

According to NAR and The Associated Press:
Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.
The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.
More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past …

Accoriding to NAR:
Last week, the House and Senate passed legislation to extend the current loan limits for FHA and Freddie Mac and Fannie Mae (the government sponsored enterprises, or GSEs) through December 31, 2010. These loan limits, set at 125% of local area median home price and capped at $729,750, would have expired on December 31, 2009 in which case loan limits would have been reduced in many markets. The extension is included in the Continuing Resolution (CR) to fund the government for the remainder of 2009. The CR is …

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: …