MSNBC.com is reporting that Senators have agreed on a proposal to extend the popular first-time homebuyer credit. Here is a link to the article.
Here are the two key points which look intriguing:
*Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years…
*The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes…