POSTED BY THE WALL STREET JOURNAL TODAY 10/29/2009 Wall Street Journal 10/29/09
WASHINGTON -- Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain. The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all home buyers who have been in their current residence for a consecutive five-year period in the past eight years. The new provisions are aimed at broadening (0 comments)