2009-07-02 00:40:04 - With brand new homes in highly-desirable communities, Lennar gives homebuyers many reasons to purchase new by offering top quality, low pricing, and a solid warranty—the competition just can’t measure up.

BAY AREA, CA—July 2009 — Potential homebuyers have many reasons to purchase a home now: low pricing, homebuilder incentives and government tax credits. Beginning in July, Lennar is putting forward some of their finest offers on all homes so potential homebuyers can step into the housing market and see why Lennar homes are the measure of excellence.

According to the

Housing Opportunity Index, compiled by the National Association of Homebuilders and Wells Fargo Bank in May 2009, housing prices are at their most affordable level in two decades. While nationwide home sales have been uneven, California was one of only six states that had a year-over-year increase in home sales, reporting an 80.6% boost from the first quarter of 2008 to the first quarter of 2009, according to the National Association of Realtors.

Historically, buying a home has often been the better long-term decision as opposed to renting. According to MSN Money writer, Liz Pulliam Weston, “homeownership can help you build wealth over time Oftentimes, homebuyers are able to build equity, receive significant tax deductions and may even have the added benefit of price appreciation over long periods of time.

“In addition to energy-efficient features and designer-select amenities, Lennar offers an array of family-oriented floor plans and excellent community locations because we understand the most important aspects of a dream home are beyond measure said Steve Quaranta, Vice President of Sales, Lennar Northern California. “We go above and beyond to give homebuyers that unique Lennar added value—other homes just can’t measure up to the benefits of a Lennar home

In addition to low pricing, first-time homebuyers are taking advantage of a federal tax credit worth up to $8,000 that can be used toward a down payment or to cover closing costs*. However, homebuyers must act quickly as the federal tax credit has only been approved until Nov. 30, 2009.

Universal American Mortgage Company of California, Lennar’s preferred lender, is also offering low interest rates, and select Lennar communities are offering extra incentives such as builder paid closing costs. Only a limited number of homes are available for immediate move-in so homebuyers are encouraged to act quickly before inventory diminishes.

Unlike other previously-owned properties, Lennar homebuyers are the first residents to move into their brand new home. Lennar homes are not plagued by any of the customary issues associated with bank-owned or resale properties, and all Lennar homes come equipped with brand new flooring, new appliances, and new cabinets.

Lennar has five communities in the Bay Area, all featuring energy efficient solar homes. Residences range from the low $400,000’s to the low $1 millions with various floor plans ranging from approximately 1,667 to 4,249 square feet of living space. The communities are conveniently located in San Ramon, Danville, and Concord.

“In this housing market, with a plethora of home options, homebuyers need to ask themselves: why wait any longer to get into the home of your dreams said Quaranta. “At Lennar, we make it easy to purchase a home by offering brand new move-in ready homes and financing options through our preferred lender, so homebuyers can spend less time buying and more time living

Celebrating its 55th anniversary, Lennar has grown to become one of the nation’s leading homebuilders. With hundreds of Communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has long distinguished itself by simply including everything as standard under its motto, “Everything You Want, Everything You Need, That’s the Logic of Lennar��

Welcome Home Centers are open Tuesday thru Sunday, 10 a.m. to 6 p.m. For a complete list of Communities in your area, call (877) 297-2972.

For further information about the Federal tax credit visit FederalHousingTaxCredit.com.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on www.LENNAR.com.

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*Federal tax credit is for any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Tax Credit is subject to 3-year ownership requirement. Offer good for a limited time only. Prices are subject to change without notice. Stated dimensions and square footage are approximate and should not be used as representation of the home's precise or actual size. Lennar Homes of California, Inc. - License No. 728102. Lennar Sales Corp. - DRE Lic# 01252753. UAMC of CA, an equal housing lender is licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. 7/09