Some good news for buyers - both 1st home and others!  Download 2009-NAR-Issue-Brief-Homebuyer-Tax-Credit-Changes-1104-1107

Top Democrats in the Senate have reached an agreement to extend the soon-to-expire $8,000 tax credit for first-time homebuyers, Senate Banking Committee Chairman Christopher Dodd said Tuesday.

"We have that. Done," Dodd told reporters.

He declined to specify the details of the agreement.

But a Republican who has worked with Dodd cautioned that they were still negotiating on the measure, which could come up for a vote Tuesday evening as part of a package that would extend unemployment benefits.  More...