Last night the Senate voted cloture on a bill that includes the extension of the first time home buyer tax credit.
While this is not the final vote, it effectively seals the deal on the plan to extend the $8000 first time buyer credit through April 30th and expand said credit to move-up buyers on a smaller ($6500) scale.
Check out Diana Olick article ...
CNBC Real Estate Reporter
Home Buyer Tax Credit Done: Does it Matter?
The extension is also an expansion, giving some move up buyers $6500 more in purchasing power, but that's only up to the income cap of $150,000 for single filers and $225,000 for joint filers.
Hi Dawn;
This is great news for the housing market, thank you for sharing with us.
Any idea if they will make it available to someone who just bought this year but was not a first time home buyer?