Extension of 1st Time Home Buyer's Credit

A House and Senate vote is expected next week on an extension of the $8,000 1st Time Home Buyer's Credit. Expect this to be the LAST extension. The only way credits work is if a sense of urgency is created. Contracts would have to be signed by April 30th and the sale closed by June 30th, 2010. There may also be a provision to give a $6,500 tax break to homeowners who have owned a home in 5 consecutive years of the last 8. More later!