Senate Votes to Extend the First Time Home Buyer Credit
The Senate agreed last Wednesday to extend the First Time Home Buyer Credit, while making provision for homeowners that would like to buy that currently own a home.
"The tax credit provides up to $8,000 to first-time homebuyers but is
set to expire at the end of November. The Commerce Department said
Wednesday that new home sales fell 3.6 percent in September, and some
industry representatives blamed uncertainty about the tax credit."
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