STAY-TUNED - Homebuyer Credit Gets New Life

Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.

Georgia Senator Pushes Extension For First-Time Buyer Tax Credit

If you are still trying to decide what your first home purchase will be, you may not have to beat the clock - yippie!  Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.