The Senate approved the bill to extend unemployment benefits and modified the home buyer tax credit on Wednesday with a vote 98-0.  On Thursday the House of Representatives approved the bill with a vote of 402-12 and it is expected to be signed by President Obama.

The new and improved home buyer tax credit extended the timeline, increased income limits and also included a tax credit up to $6,500 to buyers who have owned a home for 5 of the last 8 years. For more details, check out this comparison chart put together by the National Association of Realtors.

If you are thinking of buying your first home, moving up or down, please don't hesitate to call me or visit my website www.OmahaRealtyPro.com