House Passes Homebuyer Tax Credit Extension

The extension of the $8,000 first time homebuyer tax credit moved another step closer today with the passage of the House bill. Included in that bill is a $6,500 credit for existing homeowners who have lived in their home the past 5 out of 8 years to purchase a new home. Next up is President Obama's signature.

Congress Passes Homebuyer Tax Credit - UPI.com: "Congress Passes Homebuyer Tax Credit
Published: Nov. 5, 2009
By Steve Cook Real Estate Economy Watch
After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow."

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