It looks like the 1st time homebuyer tax credit will be extended. As of this writing the bill has passed in the Senate. The bill MUST pass in the House, then be signed by the President BEFORE it is official.
Patty Murphy, a Washington State Senator and co-sponsor of S.A. 2712 outlines the changes and new provisions.
11/5/09 UPDATE: Bill has passed in the House. Looks like President to sign on Friday.
11/6/09 UPDATE: President has signed. Homebuyer tax credit has been extended & expanded to include move-up buyers. Click on the following link for an outline of the new plan: NAR Issue Brief Homebuyer Tax Credit Changes
